posted
VSTR DD Possible Merger, Coming off Bottom.
Current PPS .03 52 Week high/low .66/.02
AS 50 Million OS 32 Million Public Float 5-10 Million per Transfer Agent
PR This week
VSTR -- ValueSetters, Inc. Com ($0.001) ValueSetters Considers Strategic Merger Offer (Press Release)
Phoenix, AZ, Apr 16, 2007 (Pink Sheets News Service) — Phoenix, Arizona--(BUSINESS WIRE)--April 16, 2007--ValueSetters Inc. (OTC Pink Sheets: VSTR) is pleased to announce that management has been approached, and is seriously considering a merger with a privately held company, that management believes will add synergistic value to its business model. Management is in the first stage of negotiations, and a due diligence period must follow any definitive agreement, if one is ultimately executed.
Sean Lee, Chairman of ValueSetters, stated: "The Company is excited that a potential merger has surfaced. Our current business model is designed to increase shareholder value through revenue growth and possible acquisitions. We are delighted with this prospect and are assessing all our potential options."
There are no guarantees at this time that a transaction will occur, just that the company has been approached with a potential merger offer. Management will communicate and update the shareholders through press releases as appropriate. Currently, preliminary negotiations are in progress.
About ValueSetters ValueSetters Inc. (www.valuesetters.com) is a Wholesale Business Network whereby vendors and merchants come together to create a completely new distribution channel. ValueSetters' target market is Non-Store Retailers, Miscellaneous Store Retailers, and Convenience Stores that combined for annual sales of over $790 Billion in 2004(1). The company's mission is to help its member retailers succeed by providing products and support services that enable profitability.
Forward-Looking Statements The information contained herein includes certain forward-looking statements of our management. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as "may," "could," "expect," "estimate," "anticipate," "plan," "predict," "probable," "possible," "should," "continue," or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. It is impossible to predict whether the merger will occur and if so, upon what terms.
posted
This one spiked big time on very low volume the other day. I picked some up today from sellers who bough high during that spike. When I spoke with the representative from the company, he stated that the merger, if it happens, would be in the near-term. He was very vauge, because he has to be. This news along with the fact that the OS and Float are very low make this one worth watching. The insider buying in December is pretty good news too.
posted
Look at the volume. You can get in...will you be able to get out>?
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
| IP: Logged |
posted
You are right. Very low volume. But the thing does uptick with just about every buy. Bid at .05 now, ank at .08. If the merger does go through, most will miss this one because of the low float. If the merger doesn't happen, I still think it is grossly undervalued. Look at the chart, coming of the 52 week low. If any one would like to call the ceo to ask question, maybe some that I didn't ask, her is the number. Contact: Sean Lee, CEO 602-547-1611
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
