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JPHC releases major PR. Company has been releasing major news at least 3 times a week. Should I invest in this company?
LAS VEGAS, NV, Mar. 09, 2005 (MARKET WIRE via COMTEX) -- Jupiter Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHC) announced today that it has entered into an agreement with a private investor to provide up to $1,500,000 in debt or equity financing to aid in the Company's funding of its current and future acquisitions and for general working capital. $100,000 of the financing has been received currently. The financing agreement is structured whereby any equity investment will result in the issuance of restricted shares for the investor and any of the financing received as debt will be structured as a long-term loan with a reasonable interest rate and reasonable non-toxic convertibility rights. The financing is not an equity line of credit or a convertible debenture. There is enough flexibility in the financing agreement to allow for the Company to receive all of the financing as loans, giving JUPITER or the acquisitions time to repay those loans so there may be minimal dilution to existing or future shareholders. The Company will be able to access the financing upon the achievement of certain milestones and/or upon JUPITER's acquisitions achieving certain milestones.
Ray Hawkins, CEO of JUPITER, commented: "We are very excited to share with our shareholders the confidence in our business plan that has been shown by this investor. Closing and growing our acquisitions is now readily accessible and we feel confident in achieving the milestone oriented criteria of the investor."
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries such as the VoIP telecom industry, promotional marketing industry and entertainment industry. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. JUPITER Global Holdings Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause JUPITER Global Holdings Corp. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in JUPITER Global Holdings Corp. applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov
quote:Originally posted by uptickcloser: JPHC releases major PR. Company has been releasing major news at least 3 times a week. Should I invest in this company?
I've been picking up shares on dips the last few days. I think this stock is being accumulated and getting ready for a run, IMO.
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