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VXBX -- Voxbox World Telecom, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
VoxBox World Telecom, Inc. Signs MOU to Acquire Revenue Generating Software Company
VANCOUVER, BC, Oct 05, 2006 (MARKET WIRE via COMTEX) -- VoxBox World Telecom, Inc. ("VoxBox" or "Company") (PINKSHEETS: VXBX) announces today that it has executed a Memorandum of Understanding ("MOU") to acquire a software company in the business of applications for supercomputing and other industries such as telecommunications. The Company feels confident it can advance the process of acquisition to a closing very quickly. More details on the target will be provided as the acquisition progresses.
The target has a good revenue base that has lots of potential for growth. They have a quality client list and an operating structure that will allow for profitability sooner than later.
Romeo Prescott, CEO of VoxBox, stated: "We are ecstatic about being able to move this prospective acquisition to an understanding stage. As we begin to redevelop our business plan we feel this target will add the value we are working to build for our shareholders."
The Company looks forward to announcing more developments as they occur.
All trademarks, trade names, and service marks mentioned herein belong to their respective owners. This release contains forward-looking statements that involve risks and uncertainties. Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors uncontrollable by the company. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE: VoxBox World Telecom, Inc.
Copyright 2006 Market Wire, All rights reserved.
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SUBJECT CODE: Computers and Software:Software Telecom:Cable and Satellite Services Telecom:Wireless Telecom:Telecommunication Equipment Telecom:Telecommunication Services Telecom:Networking
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