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Press Release Source: JUPITER Global Holdings, Corp.
JUPITER Global Holdings, Corp. in Discussions to Acquire Telecom Services Company Generating Over $12,000,000 in Revenue Annually to Form the Backbone of Its VOXBOX Business Wednesday March 30, 10:05 am ET
LAS VEGAS, NV--(MARKET WIRE)--Mar 30, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB:JPHC.OB - News) announced today it has progressed steadily with discussions it has been having with a U.S.-based telecom services company that is generating over $12 Million in annual revenues. This acquisition is being pursued to add sizeable assets and revenue immediately to JUPITER'S financial statements while forming the backbone for its VOXBOX business. ADVERTISEMENT
The Company has been negotiating with this telecom firm for several months now and believes it will move to the next level with this transaction within the next three weeks. It is time for the shareholders to know about this key acquisition that JUPITER is confident in securing and which management feels will bring tremendous value and gains to the shareholders.
The telecom service company Jupiter is planning to acquire is a facilities-based telecom applications service provider. Their lines of businesses include: prepaid calling card platforms, international gateway and arbitrage services, enhance IVR solutions, Co-location services and Universal Point of Sale Activation Services.
The key to this acquisition is that this telecom services company would not only bring large revenues to JUPITER but they are very complimentary with VOXBOX and its plan to rollout its service across the U.S.
Ray Hawkins, CEO of JUPITER, commented: "The Company has made numerous corporate changes and retained new advisors to move toward being able to pursue acquisitions of this caliber. With this announcement we are sharing with our shareholders the fact that we making progress on our plans to build a holding company that will have core assets and operations that will generate tremendous revenues and eventual solid earnings. These discussions have risen to a level where we feel it is important to inform our current and prospective shareholders. We expect these discussions to continue towards the execution of an interim agreement and an eventual definitive agreement followed by a closing."
The CEO of VOXBOX, Ray Prescott, stated: "This acquisition would not only give us immediate customers and a significant revenue and cash flow stream, but it would give us a robust communications backbone to support the build out of our developing U.S. dealership network. Once in place we will be enabled to pursue VoIP for the small to medium enterprises and grow our business aggressively."
Ray Hawkins, CEO of JUPITER, in closing stated: "We believe this acquisition, once finalized, will deliver to our shareholders what we've been working hard for these past few years, a Company with significant revenues and tremendous potential for growth and earnings. We feel shareholders should continue their long-term thinking approach to their holdings JUPITER. We believe our finance agreements and additional ongoing finance discussions give us the confidence to be able to make this acquisition happen. We look forward to progressing further with this exciting acquisition."
ABOUT VOXBOX
VOXBOX (http://www.myVOXBOX.com) is an exciting new service in the multi-billion dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans.
VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.
Voice over Internet Protocol (VoIP) is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/voip/.
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 Entertainment Group, Inc 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 Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in JUPITER Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.
LAS VEGAS, NV, Mar 21, 2005 (MARKET WIRE via COMTEX) -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (JPHC) announced today that the VOXBOX dealership program is exceeding expectations. Dozens of enquiries have come into VOXBOX from all over North America. This response, in addition to a previous agreement to sell ten territories within a handful of states, gives the confidence to the Company to continue striving to accelerate the U.S. and Canadian deployment of the VOXBOX service.
Mr. Ray Prescott, CEO of VOXBOX, said: "The response we received from the kick-off of our dealership sales program has been tremendous, especially considering our marketing programs have not fully launched yet. This development proves to us that there is an appetite for independent entrepreneurs who wish to participate in the income earning potential of VoIP."
The dealership program will be a powerful catalyst in aggressively expanding VOXBOX throughout North America. After the service is rolled out in a few small cities, VOXBOX plans to expand to every metropolitan city in North America and become the dominant force in the VoIP communications industry.
The VOXBOX Dealership Program allows VoIP entrepreneurs to buy dealerships and build a potentially successful revenue generating VOXBOX service business in their area. As dealers are signed up, trained and set up, they will form a distribution network to enable rapid growth of the VOXBOX service.
Ray Hawkins, CEO of JUPITER, in closing commented: "The response VOXBOX has been tremendous. The building of the VOXBOX dealer network is key to the growth of VOXBOX. As the marketing of VOXBOX cranks up we believe the response will continue to grow. With the recent developments in the VoIP Industry the interest should continue to grow and therefore so should VOXBOX's potential."
ABOUT VOXBOX
VOXBOX (http://www.myVOXBOX.com/) is an exciting new service in the multi billion dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans.
VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.
Voice over Internet Protocol (VoIP) is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/VoIP/.
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.
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On January 25, 2005, Jupiter Global Holdings, Corp. (the "Registrant") entered into a definitive Agreement and Plan of Acquisition (the "Agreement"), with Promostafing.com LLC ("Promo Staffing"), a Florida corporation and Mr. Cory Sklar, as previously reported by the Registrant in the Current Report filed with the Commission by the Registrant on January 27, 2005. It its Current Report filed with the Commission on January 27, 2005, the Registrant reported that the closing date was scheduled for February 28, 2005. This Amended Current Report on Form 8-K/A is being filed to disclose that the Registrant has postponed the closing date of the Agreement with Promo Staffing and Mr. Cory Sklar until April 18, 2005. This postponement is due to an unforeseen delay in completing the final valuation of Promo Staffing as required in the Agreement.
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The Aquisition of Pro Staffing on Monday(according to the form 8-K/A), should help bring the share price up. Expecting a good PR to be put out on Monday.
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JUPITER Global Holdings, Corp. Announces Closing of Acquisition of Promo Staffing Monday April 18, 1:00 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 18, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB:JPHC.OB - News) today proudly announces it has closed its acquisition of PromoStaffing.com LLC ("Promo Staffing") a revenue generating promotional marketing company with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola. The closing of this acquisition is a significant achievement for JUPITER. The Company will now proceed to work diligently to close its other pending acquisitions to build on the revenues that Promo Staffing will bring to the income statement of JUPITER. Promo Staffing (www.promobusiness.com) is growing quickly and with the support it will soon receive from JUPITER it plans on becoming one of the top promotional marketing agencies in North America.
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The Company will shortly file an amended Form 8K with the amended and restated Definitive Agreement, which provides details of the final terms of the acquisition. The Company will also file Promo Staffing's audited financial statements within the required timeframe.
Cory Sklar, President & CEO of Promo Staffing, stated: "We are excited to have reached a closing of being acquired by JUPITER. We will now proceed to fully integrate ourselves into the JUPITER organization. We firmly believe that the future for JUPITER is enhanced by Promo Staffing. We look forward to the completion of some major contracts, which may enable us to have a tremendous revenue earning year for Promo Staffing and now for JUPITER."
Ray Hawkins, CEO of JUPITER, commented, "Closing of this acquisition is a major milestone for JUPITER. Promotional marketing is a billion dollar sector of the advertising and marketing industry. We are very pleased with the growth potential of Promo Staffing and what this acquisition will bring for us. They have an exciting business that we believe will contribute greatly to our income statement over the coming years. Our current and prospective shareholders should be encouraged by this closing and should continue their long-term approach when it comes to their holdings in the Company. We plan to continue working hard to close our other in progress acquisitions which we feel solidify our holding company strategy to bring our shareholders increased value over time."
ABOUT PROMO STAFFING
Promo Staffing (www.promobusiness.com) is a promotional marketing company with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola.
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
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