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Global Business Markets, Inc. Announces Focused Acquisition Campaign and Clarifies Acquisition of the Frulati Cafe and Bakery
Monday November 3, 8:32 am ET
LONGWOOD, Fla., Nov. 3 /PRNewswire-FirstCall/ -- Global Business Markets, Inc. (OTC Bulletin Board: GBMI - News), announced that it will continue to acquire companies in the Food and Beverage industry with an emphasis on Juice and Smoothie Bars in particular with an intent to facilitate a roll-up in that industry that will allow for these particular acquisitions to become franchise-able.
ADVERTISEMENT
Late last month the company announced its first acquisition of the Frulati Cafe and Bakery in Buffalo Grove, Illinois, since that announcement, the Company has not been able to complete its due diligence process and has converted the acquisition back over to an intent to purchase with a provision for another thirty to sixty day due diligence period to be in effect. This decision was made by company CEO, Edward Miers, following difficulties in final execution of the necessary documents at closing due to complications with a consultant, Suburban Capital Corporation of Addison, IL and its related associates, which were initially hired to solidify such transactions.
At this time the company is not commenting their intent to dissolve the consulting contract with Suburban Capital Corporation and its related associates, but has retained independent legal counsel to review past, present and future transactions and ensure proper compliance with all of the company's activities both from the corporate perspective and the regulatory perspective.
CEO, Edward Miers, said that "We believe that taking these precautions within the early stages of growing Global Business Markets, will only strengthen our core values and assist the company in becoming a more diligent and cohesive with regards to developing and growing underperforming companies.
About Global Business Markets Corporation
Global Business Markets Corporation is an entrepreneurial company focused on acquisitions and development of underperforming companies. The company is acquiring organizations that are in underserved markets that can benefit from the operational and managerial expertise that Global's executive and consulting staffs can provide. The company will launch its new corporate web site in mid to late November of this year. For more information please contact Edwards Miers, Chief Executive Officer, 3859 Wekiva Springs Road, Suite 302, Longwood, Florida 32779, phone 260.312.6789
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, oil and gas exploration risks, commodity price volatility, production levels, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.
--------------------------------------------------------------------------------
Source: Global Business Markets, Inc.
Email this story - Set a News Alert
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Press Release Source: Global Business Markets, Inc.
Global Business Markets, Inc. Announces Focused Acquisition Campaign and Clarifies Acquisition of the Frulati Cafe and Bakery
Monday November 3, 8:32 am ET
LONGWOOD, Fla., Nov. 3 /PRNewswire-FirstCall/ -- Global Business Markets, Inc. (OTC Bulletin Board: GBMI - News), announced that it will continue to acquire companies in the Food and Beverage industry with an emphasis on Juice and Smoothie Bars in particular with an intent to facilitate a roll-up in that industry that will allow for these particular acquisitions to become franchise-able.
ADVERTISEMENT
Late last month the company announced its first acquisition of the Frulati Cafe and Bakery in Buffalo Grove, Illinois, since that announcement, the Company has not been able to complete its due diligence process and has converted the acquisition back over to an intent to purchase with a provision for another thirty to sixty day due diligence period to be in effect. This decision was made by company CEO, Edward Miers, following difficulties in final execution of the necessary documents at closing due to complications with a consultant, Suburban Capital Corporation of Addison, IL and its related associates, which were initially hired to solidify such transactions.
At this time the company is not commenting their intent to dissolve the consulting contract with Suburban Capital Corporation and its related associates, but has retained independent legal counsel to review past, present and future transactions and ensure proper compliance with all of the company's activities both from the corporate perspective and the regulatory perspective.
CEO, Edward Miers, said that "We believe that taking these precautions within the early stages of growing Global Business Markets, will only strengthen our core values and assist the company in becoming a more diligent and cohesive with regards to developing and growing underperforming companies.
About Global Business Markets Corporation
Global Business Markets Corporation is an entrepreneurial company focused on acquisitions and development of underperforming companies. The company is acquiring organizations that are in underserved markets that can benefit from the operational and managerial expertise that Global's executive and consulting staffs can provide. The company will launch its new corporate web site in mid to late November of this year. For more information please contact Edwards Miers, Chief Executive Officer, 3859 Wekiva Springs Road, Suite 302, Longwood, Florida 32779, phone 260.312.6789
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, oil and gas exploration risks, commodity price volatility, production levels, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.
--------------------------------------------------------------------------------
Source: Global Business Markets, Inc.
Email this story - Set a News Alert
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Mooney Airplane Company Deliveries Increased 280% in Third Quarter 2003
Wednesday October 29, 5:00 am ET
KERRVILLE, Texas--(BUSINESS WIRE)--Oct. 29, 2003--The General Aviation Manufacturer's Association (GAMA) has released statistics showing deliveries by Mooney Airplane Co., wholly owned subsidiary of Mooney Aerospace Group Ltd., (OTCBB:MASG - News) increased a whopping 280% from the second to the third quarter of 2003.
Mooney delivered 14 new aircraft in the third quarter compared with 5 delivered in the second quarter. Deliveries included 11 Mooney Ovation2 models and 3 Bravo DX aircraft.
Mooney President and GAMA board member J. Nelson Happy remarked: "The third quarter deliveries show a substantial increase in our ability to build and deliver aircraft. We have reestablished momentum, and we are looking forward to even more deliveries in the fourth quarter."
Sam Rothman, Chairman of Mooney's board, stated: "We are very pleased by the company's amazing results for the third quarter. The board greatly appreciates the hard work of all the company's employees during this period, and we want to thank them for their willingness to work nights and weekends to meet customer delivery deadlines. The quarter's results show that we are achieving our business plan objectives."
GAMA statistics reveal that Mooney's deliveries during the third quarter were greater than many other general aviation companies. In dollar volume, Mooney exceeded competitors such as Lancair, Maule Air, American Champion, OMF and Tiger. In total aircraft delivered, Mooney exceeded all but one those companies, (it tied with Lancair) as well as Boeing Business Jets, Dessault, Embraer, and Piaggio. Several companies reported declines in deliveries, including New Piper Aircraft, Raytheon, Socata, and American Champion.
Total single-engine piston deliveries increased from 373 in the second quarter to 376 in the third quarter, according to GAMA. Mr. Happy noted, "If Mooney had not increased deliveries, then there would have been a decline in this segment." However, President and CEO of GAMA, Ed Bolen, pointed out, "This is the third straight quarter in which piston deliveries have been in positive territory, and we hope that is a harbinger of better days for the entire industry. The piston numbers, a strengthening economy, and the bonus depreciation are generating cautious optimism among manufactures."
Nicolas Chabbert, Executive Vice President of Marketing and Sales for Mooney, stated: "Our big jump in deliveries has been very impressive to our potential customers, and we anticipate that we will continue to have increases in sales and deliveries for the balance of the year. This is a great tribute to the quality of Mooney aircraft, because we are still fighting a soft economy. We are making plans for increased marketing efforts in 2004, and I believe we will see continued increases in our market penetration next year."
Mooney Aerospace Group, Ltd. is a general aviation holding company that owns Mooney Airplane Co., located in Kerrville, Texas. Mooney currently sells three models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, and its stablemates, the highly rated Ovation2 DX, and the economical Ovation. Mooney is celebrating is 50th Anniversary in Kerrville Texas this year, where it has manufactured more than 10,000 aircraft which have been delivered worldwide. Complete information about Mooney aircraft is available at www.Mooney.com.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confidant that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
--------------------------------------------------------------------------------
Contact:
Mooney Airplane Company, Kerrville
J. Nelson Happy, 830-792-2917
--------------------------------------------------------------------------------
Source: Mooney Airplane Company
Mooney Airplane Company Deliveries Increased 280% in Third Quarter 2003
Wednesday October 29, 5:00 am ET
KERRVILLE, Texas--(BUSINESS WIRE)--Oct. 29, 2003--The General Aviation Manufacturer's Association (GAMA) has released statistics showing deliveries by Mooney Airplane Co., wholly owned subsidiary of Mooney Aerospace Group Ltd., (OTCBB:MASG - News) increased a whopping 280% from the second to the third quarter of 2003.
Mooney delivered 14 new aircraft in the third quarter compared with 5 delivered in the second quarter. Deliveries included 11 Mooney Ovation2 models and 3 Bravo DX aircraft.
Mooney President and GAMA board member J. Nelson Happy remarked: "The third quarter deliveries show a substantial increase in our ability to build and deliver aircraft. We have reestablished momentum, and we are looking forward to even more deliveries in the fourth quarter."
Sam Rothman, Chairman of Mooney's board, stated: "We are very pleased by the company's amazing results for the third quarter. The board greatly appreciates the hard work of all the company's employees during this period, and we want to thank them for their willingness to work nights and weekends to meet customer delivery deadlines. The quarter's results show that we are achieving our business plan objectives."
GAMA statistics reveal that Mooney's deliveries during the third quarter were greater than many other general aviation companies. In dollar volume, Mooney exceeded competitors such as Lancair, Maule Air, American Champion, OMF and Tiger. In total aircraft delivered, Mooney exceeded all but one those companies, (it tied with Lancair) as well as Boeing Business Jets, Dessault, Embraer, and Piaggio. Several companies reported declines in deliveries, including New Piper Aircraft, Raytheon, Socata, and American Champion.
Total single-engine piston deliveries increased from 373 in the second quarter to 376 in the third quarter, according to GAMA. Mr. Happy noted, "If Mooney had not increased deliveries, then there would have been a decline in this segment." However, President and CEO of GAMA, Ed Bolen, pointed out, "This is the third straight quarter in which piston deliveries have been in positive territory, and we hope that is a harbinger of better days for the entire industry. The piston numbers, a strengthening economy, and the bonus depreciation are generating cautious optimism among manufactures."
Nicolas Chabbert, Executive Vice President of Marketing and Sales for Mooney, stated: "Our big jump in deliveries has been very impressive to our potential customers, and we anticipate that we will continue to have increases in sales and deliveries for the balance of the year. This is a great tribute to the quality of Mooney aircraft, because we are still fighting a soft economy. We are making plans for increased marketing efforts in 2004, and I believe we will see continued increases in our market penetration next year."
Mooney Aerospace Group, Ltd. is a general aviation holding company that owns Mooney Airplane Co., located in Kerrville, Texas. Mooney currently sells three models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, and its stablemates, the highly rated Ovation2 DX, and the economical Ovation. Mooney is celebrating is 50th Anniversary in Kerrville Texas this year, where it has manufactured more than 10,000 aircraft which have been delivered worldwide. Complete information about Mooney aircraft is available at www.Mooney.com.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confidant that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
--------------------------------------------------------------------------------
Contact:
Mooney Airplane Company, Kerrville
J. Nelson Happy, 830-792-2917
--------------------------------------------------------------------------------
Source: Mooney Airplane Company
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Mooney Airplane Company Deliveries Increased 280% in Third Quarter 2003
Wednesday October 29, 5:00 am ET
KERRVILLE, Texas--(BUSINESS WIRE)--Oct. 29, 2003--The General Aviation Manufacturer's Association (GAMA) has released statistics showing deliveries by Mooney Airplane Co., wholly owned subsidiary of Mooney Aerospace Group Ltd., (OTCBB:MASG - News) increased a whopping 280% from the second to the third quarter of 2003.
Mooney delivered 14 new aircraft in the third quarter compared with 5 delivered in the second quarter. Deliveries included 11 Mooney Ovation2 models and 3 Bravo DX aircraft.
Mooney President and GAMA board member J. Nelson Happy remarked: "The third quarter deliveries show a substantial increase in our ability to build and deliver aircraft. We have reestablished momentum, and we are looking forward to even more deliveries in the fourth quarter."
Sam Rothman, Chairman of Mooney's board, stated: "We are very pleased by the company's amazing results for the third quarter. The board greatly appreciates the hard work of all the company's employees during this period, and we want to thank them for their willingness to work nights and weekends to meet customer delivery deadlines. The quarter's results show that we are achieving our business plan objectives."
GAMA statistics reveal that Mooney's deliveries during the third quarter were greater than many other general aviation companies. In dollar volume, Mooney exceeded competitors such as Lancair, Maule Air, American Champion, OMF and Tiger. In total aircraft delivered, Mooney exceeded all but one those companies, (it tied with Lancair) as well as Boeing Business Jets, Dessault, Embraer, and Piaggio. Several companies reported declines in deliveries, including New Piper Aircraft, Raytheon, Socata, and American Champion.
Total single-engine piston deliveries increased from 373 in the second quarter to 376 in the third quarter, according to GAMA. Mr. Happy noted, "If Mooney had not increased deliveries, then there would have been a decline in this segment." However, President and CEO of GAMA, Ed Bolen, pointed out, "This is the third straight quarter in which piston deliveries have been in positive territory, and we hope that is a harbinger of better days for the entire industry. The piston numbers, a strengthening economy, and the bonus depreciation are generating cautious optimism among manufactures."
Nicolas Chabbert, Executive Vice President of Marketing and Sales for Mooney, stated: "Our big jump in deliveries has been very impressive to our potential customers, and we anticipate that we will continue to have increases in sales and deliveries for the balance of the year. This is a great tribute to the quality of Mooney aircraft, because we are still fighting a soft economy. We are making plans for increased marketing efforts in 2004, and I believe we will see continued increases in our market penetration next year."
Mooney Aerospace Group, Ltd. is a general aviation holding company that owns Mooney Airplane Co., located in Kerrville, Texas. Mooney currently sells three models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, and its stablemates, the highly rated Ovation2 DX, and the economical Ovation. Mooney is celebrating is 50th Anniversary in Kerrville Texas this year, where it has manufactured more than 10,000 aircraft which have been delivered worldwide. Complete information about Mooney aircraft is available at www.Mooney.com.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confidant that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
--------------------------------------------------------------------------------
Contact:
Mooney Airplane Company, Kerrville
J. Nelson Happy, 830-792-2917
--------------------------------------------------------------------------------
Source: Mooney Airplane Company
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