NSIH - Netspace International Holdings Completes Reverse Merger
Jun 25, 2007 10:58:00 AM
AVENTURA, FL -- (MARKETWIRE) -- 06/25/07 -- Netspace International Holdings, Inc. (Netspace) (PINKSHEETS: NSIH), a provider of web design and custom internet marketing services, announced today that it has completed its reverse merger. Under the company's new share structure, there are approximately 60 million shares of issued and outstanding stock.
Netspace, headquartered in Aventura, Florida, offers clients a wide array of critical services designed to transform their website into a highly effective, integrated marketing tool. The Company has franchises operating in a number of the country's largest markets, which allows for excellent customer service and the delivery of marketing products supported by state-of-the-art, best-of-breed technologies. With over 10 years experience and expertise, Netspace focuses on client ROI and sets marketing goals specific to its customer needs.
Netspace is lead by Neil B. Swartz, CEO, and Christopher Arthmann, COO, two seasoned business professionals with management and technology sector experience. The Company urges investors to visit www.netspace.com for additional information on its corporate management team and detailed information on its entire suite of web design and internet marketing solutions. Additionally, the investor relations section includes the ability for investors to receive e-mail alerts on all press releases and corporate announcements issued by the Company.
"Today is an exciting day in the history of Netspace. Our transition to a public entity will afford us the opportunity to expand our successful business model, while introducing the Netspace brand to a significantly broader investor base. The reverse merger will position Netspace as the largest company of its kind to be traded on a public exchange," commented, Neil B. Swartz, CEO. Mr. Swartz continued, "Our goal is straightforward and simple -- to provide the most comprehensive marketing tools for our clients while increasing shareholder value on a consistent basis."
Christopher Arthmann, COO of Netspace, stated, "We view this merger as the next logical step in expanding our presence in the web development and internet marketing arena. We believe our franchise growth model, dedication to customer service, customized products, and focus on technology make us distinctive and compelling to our targeted customers. We expect this will allow us to drive growth in revenue and expand the Netspace brand and operational reach."
ABOUT NETSPACE INTERNATIONAL HOLDINGS, INC.
Netspace International Holdings, Inc. delivers professionally crafted websites, customized online marketing solutions, e-commerce platforms, and the technology backbone to support superior web performance and reliability to Small and Medium-Sized Enterprises (SME). For additional information visit www.netspace.com
The foregoing press release may contain forward-looking statements, including statements regarding, among other things, about the expectation of Netspace International's future business. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment, and the Company's performance. In light of these risks and uncertainties there can be no assurances that the forward looking statements contained in this press release will in fact transpire or prove to be accurate.
Contact:
David Sasso
Vice President - Investor Relations
305.931.4000 x 213
www.netspace.com
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