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Master
Total Posts 159
Joined 2007-09-23
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JPCI JPC Capital Partners, Inc. Executes Stock Purchase Agreement and Share Exchange
With Componus, Inc.
ATLANTA, GA, Mar 26, 2008 (MARKET WIRE via COMTEX)—JPC Capital Partners, Inc.
(JPCI), a licensed broker-dealer based in Atlanta, Georgia, announced today that
it has executed a stock purchase agreement and share exchange with Componus,
Inc., a Nevada corporation ("Componus"), involved in providing the automotive,
trucking, transportation, railway, and petroleum industries with raw, finished,
and assembled components.
The Agreement provides for the acquisition of Componus by JPC Capital Partners,
Inc. whereby Componus will become a wholly owned subsidiary of JPCI. In
connection with the acquisition of Componus, and after taking into effect a
1-for-2 reverse split of JPCI common shares, JPCI will issue 89,000,000 total
shares of common stock. This will represent approximately 87.25% of the total
issued and outstanding common stock of JPCI after the transaction is closed.
These shares will be issued in exchange for all of the issued and outstanding
shares of Componus. Upon completion of the Closing, Componus intends to elect a
new board of directors and appoint new officers.
JPC Capital Partners CEO, John Canouse, stated: “After reviewing all of our
strategic options, a merger with Componus was deemed to be the most effective
strategy available to enhance shareholder value. Componus is an established
company with assets and a tremendous revenue potential in the multi-billion
dollar metal forging and automotive supply industry. We see this as a great
opportunity for JPC Capital shareholders.”
About Componus, Inc.
Componus, Inc. ("Componus") is a Nevada Corporation involved in the multi-billion
dollar industry of providing automotive, trucking, railway and petroleum
industries with raw, finished and assembled components.
About JPC Capital Partners, Inc.
JPC Capital Partners, Inc. has been a licensed broker-dealer since its inception
in 1999. It specializes in private placements and financings for public and
private companies, as well as certain corporate finance functions, including
business consulting and merger and acquisition services. For additional
information, visit JPC Capital Partners’ website at http://www.jpccapital.com or
contact John Canouse at 770-521-1330.
JPC Capital Partners, Inc., member FINRA/SIPC.
This press release is neither an offer to sell nor a solicitation of an offer to
buy any securities; such offer may only be made by a prospectus after regulatory
requirements are met. Nor shall there be any sale of any securities in any State
in which such offer, solicitation or sale would be unlawful under the securities
laws of any such State.
Forward-Looking Statements
Statements in this press release concerning future results, performance,
expectations or intentions are forward-looking statements. Actual results,
performance or developments may differ materially from forward-looking statements
as a result of known or unknown risks, uncertainties and other factors, including
those identified in the Company’s filings with the Securities and Exchange
Commission, press releases and other public communications. In addition, nothing
in the press release should be viewed as an update or comment on earlier
forward-looking statements provided by JPC Capital Partners. As noted above,
because actual results, performance or developments may differ materially from
forward-looking statements, JPC Capital Partners will not update such statements
over the course of future periods.
This report contains forward-looking statements (within the meaning of the
Private Securities Litigation Reform Act of 1995), other than historical facts,
which reflect the view of the Company’s management with respect to future events.
When used in this report, words such as “believe,” “expect,” “anticipate,”
“estimate,” “intend,” “deem,” “see” and similar expressions, as they relate to
the Company or its plans or operations, identify forward-looking statements. Such
forward-looking statements are based on assumptions made by and information
currently available to the Company’s management. Although management believes
that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations are reasonable, and
it can give no assurance that such expectations will prove to have been correct.
Important factors that could cause actual results to differ materially from such
expectations include, without limitation, the ability of Componus to execute its
business plan, currency and commodity fluctuations, availability of raw
materials, raw material cost increases, and severe interest rate increases. The
Company can provide no assurance that such cost increases can be passed on to its
customers through implementation of price increases for the Company’s products.
Furthermore, the ability of current management to evaluate the risk and viability
of Componus’s business plan is limited by current management’s lack of experience
in Componus’s industry. The forward-looking statements contained herein reflect
the current views of the Company’s management with respect to future events and
are subject to those factors and other risks, uncertainties and assumptions
relating to the operations, results of operations, cash flows and financial
position of the Company. The Company assumes no obligation to update the
forward-looking statements or to update the reasons actual results could differ
from those contemplated by such forward-looking statements.
John Canouse
770-521-1330
http://www.jpccapital.com
SOURCE: JPC Capital Partners, Inc.
http://www.jpccapital.com
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