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[QUOTE]Originally posted by tarq3: [QB] Summus Works, Inc. Board Passes Resolution Increasing Par Value of Company Stock Oct 17, 2006 8:00:00 AM DENVER, CO -- (MARKET WIRE) -- 10/17/06 -- Summus Works, Inc. (PINKSHEETS: SMMW) announced that the Company's Board of Directors passed a resolution to increase the par value of Company common stock to $0.001. The Board stated that the increase in the par value of Company common stock represents its belief that the Company's stock is undervalued. Management reemphasized its unwavering commitment to its VVV initiative to enhance shareholder value and noted that the increase of the par value will expedite the Company's ability to execute pending and future mergers and acquisitions. Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit [URL=http://www.summusworks.com.]www.summusworks.com.[/URL] This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. Company Contact: Summus Works, Inc. Dan Burgess 888-607-9495 Email Contact [URL=http://www.summusworks.com]www.summusworks.com[/URL] [/QB][/QUOTE]
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