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."
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.