posted
Global Triad, Inc. and Its Subsidiaries Sign LOI With Soul to Sole Ventures, Inc. Dec 11, 2006 10:20:00 AM
FT LAUDERDALE, FL -- (MARKET WIRE) -- 12/11/06 -- Global Triad, Inc. (PINKSHEETS: GBTD) announces that it will not be completing a merger agreement signed earlier this year with Information Architects, due to IACH's inability to comply with the terms of the merger agreement. GBTD's Board of Directors and majority shareholders have decided to move the company in another direction and on October 19th, 2006 signed a Letter of Intent (LOI) with Soul to Sole Ventures, Inc., a privately held Nevada Corporation. The terms of the LOI will give Soul to Sole majority ownership of GBTD's common stock. Soul to Sole is an entertainment media company.
Anthony Mellone Jr., current CEO/Founder of Global Triad, Inc., says that, "I believe that the merger with Soul to Sole will be best for the shareholders and give GTBD the ability to develop into a viable company. I have pledged to Carl Olivieri, who will be the new Chairman and Chief Executive Officer, that I will assist him and the new management team in any way that I can that will benefit the Company. We also wish Information Architects and all of its employees well and hope in the future the companies can structure a working relationship."
Carl Olivieri, Chairman/CEO of Soul to Sole Ventures, Inc., says that, "I look forward to the merger of Soul to Sole with GTBD which has developed significant infrastructure which will allow us to immediately launch our combined business models."
About Global Triad
Global Triad, Inc. is a Nevada Corporation with headquarters in Ft. Lauderdale, Florida. GBTD owns and operates three subsidiaries: Global WiFi Plus, Inc., Global TV, Inc., and Global WiFi Marine, Inc. The primary business of all subsidiaries is the aggregation and delivery of a wholesale, end-to-end wireless digital communications system utilizing both Internet Protocols (IP) and proprietary digital devices.
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. A forward-looking statement made by the parties is not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of the parties and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
For more information contact:
Global Triad, Inc. Investor Relations Phone: (954) 561-7321 Email: Email Contact
Posts: 2473 | Registered: May 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
