More to come as story unfolds~
Per pr 8/13/09
Sandy Steele Unlimited, Inc. Announces Acquisition
BEVERLY HILLS, CA, Aug 13, 2009 (MARKETWIRE via COMTEX) -- Sandy Steele, CEO and Chairman of Sandy Steele Unlimited, Inc. (PINKSHEETS: SSTU), announced today the acquisition of "The Bel-Air Group" by SSTU. The Bel-Air Group is a 10-year-old investment advisory firm, founded in Los Angeles, California, which assists emerging private companies in obtaining capital and expertise for eventually becoming a listed publicly traded company. Terms of the transaction were not disclosed.
SSTU currently has approximately 19 million shares outstanding with approximated 7 million in the public float. The Company has no outstanding bonds, preferred or convertible preferred stock, or debt of any kind.
Chairman Steele also announced that the Company has also extended the original stock buyback purchase plan until December 2010. Currently, approximately 57,000 shares have been repurchased thus far at various prices ranging from $0.007 up to $.025. The Company may purchase up to an additional 3.5 million shares from time to time in open market transactions. Additionally, management may make personal acquisitions in the open market or through privately negotiated transactions, subject to availability of shares