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JUPITER Global Holdings, Corp. Sets Record Date for All JUPITER Shareholders of Record as of Close of Business Wednesday May 10, 2006 for Potential Stock Dividend From Potential Spin-Off of Its Entertainment Interests Thursday May 4, 12:25 pm ET
LAS VEGAS, NV--(MARKET WIRE)--May 4, 2006 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (Other OTC:JPHC.PK - News) today announces that all JUPITER shareholders of record at the close of business Wednesday, May 10, 2006, Eastern Daylight Time (the "Record Date") will be on record to receive a stock dividend in the potential spin-off of JUPITER's entertainment interests, should the directors determine to actually declare the dividend.
ADVERTISEMENT [0] [0] The JUPITER board of directors has previously announced plans to spin-off its entertainment interests ("Plan") to its shareholders. The Plan began to take shape shortly after board approval and as part of the Plan, the board's intention is that within the process of executing the spin-off, a stock dividend may be declared to its shareholders of record. The Company believes a transaction that would result in the spin-off of its entertainment interests and subsequent stock dividend would be very beneficial to its shareholders. The previously announced merger transaction with APO Health, Inc. that the Company is now involved in ("Merger Transaction") impacts the viability of the Plan.
Management at this time feels that if a spin-off is approved by the board of directors in the future, the board prefers to ensure that the subsequent stock dividend is beneficial to its current shareholders. With this in mind, JUPITER management felt that setting a Record Date prior to closing of the Merger Transaction would be a key step in keeping that aforementioned benefit available to its current shareholders.
Although Management is encouraged at this stage of the Plan, no assurances can be given that a spin-off and subsequent stock dividend will be completed and approved post-closing of the Merger Transaction. In addition, management wishes to notify its shareholder that if the potential spin-off and subsequent stock dividend occurs, there is no specific timeline for the stock dividend to be executed and actually delivered to shareholders as of the Record Date.
Any additional information and instructions about the potential spin-off will be provided when determined and available.
Ray Hawkins, CEO of JUPITER, commented: "We are pleased to be able to announce the Record Date for a potential spin-off and subsequent potential stock dividend. We wish we were able to be more definite at this time but we feel that taking a snap shot of our shareholder base before the closing of the Merger Transaction is the best way for us to preserve a potential stock dividend for JUPITER shareholders."
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. Jupiter 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 actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in Jupiter annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
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I think steef meant 125k = 0k that is what he has right now hahahaha - jk I hope not but steef know the stock before you buy and especially that wounded duck!!! That joker has been shot so many times that it looks like a piece of SWISS cheese!!!
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A form 15-12G on file with the SEC? Um, doesn't that means they are no longer publically tradeable????
I.E. CMKX's status!
HAHAHA! April 1st was LAST month!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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