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Tuesday, January 23, 2007 2:01:51 PM
I may be wrong of course.
http://biz.yahoo.com/bw/061129/20061129005546.html?.v=1
The Company also announced that it will merge with Pangea Ultima Corporation ("Pangea"). Pangea is a privately held company that comprises multiple public and private equities. Its portfolio will be combined with the Company's existing portfolio, which includes 120 million EarthFirst Technologies, Inc. (OTCBB:EFTI - News) common shares, 20 million Nanobac Pharmaceuticals, Inc. (OTCBB:NNBP - News) common shares, and 20 million U.S. Energy Initiatives Corporation (OTCBB:USEI - News) common shares. The 10 million GIGcom shares will also be included in the above mentioned portfolio. Pangea Ultima will take over management of the post merger company.
"We are excited about the business plan of GIGcom and believe that it has tremendous opportunity as a stand alone business," commented John Stanton, Pangea's Chairman and CEO. "Pangea will continue to focus on fostering developmental companies that can add value to our dynamic portfolio of emerging growth companies," Stanton concluded.
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