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Jupiter Global Holdings, Corp. Announces Board of Directors Approves Stock Buyback Program 1/9/2006 12:27:26 PM LAS VEGAS, NV, Jan 09, 2006 (MARKET WIRE via COMTEX) -- Jupiter Global Holdings, Corp. ("JUPITER" or the "Company") ( JPHC ) today announces its Board of Directors has approved a stock buyback program for the Company to repurchase up to one billion of its outstanding shares of common stock.
JUPITER'S stock buyback program for the year 2006, approved by the Board of Directors, authorizes the Company to buy back up to one billion of the Company's outstanding common stock from the open market public float over the next year. The specific timing and amount of repurchases will vary based on market conditions, securities law limitations and other factors. The stock buy back will be executed utilizing JUPITER's cash resources and the program may be suspended or discontinued by the Board of Directors at any time without prior notice.
The Company believes this buy back program should improve shareholder value and the Company's ability to attract financing and other acquisitions.
Posts: 51 | From: USA | Registered: Jan 2006
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JUPITER Global Holdings, Corp. Announces Plan to Become Target for Acquisiton or Merger Tuesday January 24, 8:15 am ET
LAS VEGAS, NV--(MARKET WIRE)--Jan 24, 2006 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (Other OTC:JPHC.PK - News) today announces that its Board of Directors has authorized its management to commence preparations to develop a plan to become a target for acquisition or merger by a suitable strategic buyer. Specifically, management has undertaken certain preparations that include, but not be limited to: (i) the Company continuing its efforts to become current with its periodic filings with the Securities and Exchange Commission; (ii) consideration of possibly securing other strategic acquisitions; (iii) making efforts to improve the Company's balance sheet, such as the recent reduction of company debt; (iv) the successful execution of the Company's recently announced stock buyback program.
The Board of Directors and management feel that upon completion of a cohesive plan to ready the Company for a possible acquisition, JUPITER will become a more attractive target to be acquired by, or merged with other companies that see JUPITER as an ideal candidate.
The Company believes that these steps are a fundamental aspect of building shareholder value by seeking to attract one or more buyout opportunities that the Board of Directors may consider.
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.
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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It definitely looks like those talking about a acquisition/merger deductions were dead-on. It also sounds like some larger players have already thrown out lines to see about viability of reeling JPHC in--this could happen to sooner than we realize. Can anyone (with real know-how) in this industry speculate on what kind of interest and $$$ value this could be to a T-Mobile or Verizon type of player? Whatever the case...this appears to be a positive development for JPHC holders.
-------------------- yourdiligence Posts: 197 | From: western U.S. | Registered: Jan 2005
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