Symphony Telecom (fka SYPY)

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FROM THE NEWS!!!

North American Gateway, Inc. has projected revenues of $138,000,000 (USD) for this fiscal year.

Terms of the agreement were disclosed as $33 million USD for Symphony to acquire 57.24% of the outstanding shares of North American Gateway with cash and Preferred shares or notes of Symphony redeemable at various dates in the future with conversion rights into SYMY common shares at the equivalent of $10 per share. (Fully converted this would be a maximum of 2.2 million shares). All proceeds are to be utilized to finance North American Gateway's growth and business plan. The final closing terms are subject to audit.