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Saturday, May 05, 2007 2:23:41 PM
VIP*Comlink, Inc. Seeks to Acquire Pure Energy International, Ltd.
Last Update: 9:00 AM ET May 4, 2007
SALT LAKE CITY, UT, May 04, 2007 (MARKET WIRE via COMTEX) -- VIP*Comlink, Inc. (PINKSHEETS: VIPM) today announced that it has signed a definitive agreement and letter of commitment to acquire the private entity Pure Energy International, Ltd. in a stock for stock transaction that will also result in acquiring the assets of Beyond Juice, Inc.
Pure Energy International, Ltd. holds the acquisition rights to certain assets of Beyond Juice, Inc. including rights to the name, locations and formulas.
Beyond Juice, Inc. currently has 22 retail stores operating under a license agreement model with 23 more stores in the process of opening or under construction. The "Meal in a Cup" concept is a blend of 19 different vitamins, minerals and amino acids designed to provide a well-balanced meal in a 20-ounce cup. It is both delicious and a healthy alternative. More information on the Beyond Juice business opportunity and its products can be found online at http://www.beyondjuice.com.
Details of the acquisition will be disclosed on May 11, 2007 during the company's annual shareholder meeting when Mark Helms, its Chief Executive Officer and Chairman of the Board, will present the Company's strategic business plan to the shareholders. The deal is expected to be complete after receiving approval from a majority of shareholders to management's equity restructuring plan.
We are extremely excited to finally reach our goal of reconstituting VIP*Comlink as an operating entity for our shareholders. We believe this to be an opportunity with increasing potential and profitability. Mark Helms, CEO, also stated that the deal took longer than expected to complete. The anticipated completion was slated for early 2007; however scheduling problems between the Parties' management members plagued the negotiations.
The foregoing may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact: VIP*Comlink, Inc. Mark Helms Chairman & CEO (801) 305-4153 mark.helms@vipcomlink.com http://www.vipcomlink.com Pure Energy International, Ltd. Alan Powers, CFO alan@purenrgintl.com Beyond Juice, Inc. http://www.beyondjuice.com Market News First Angela Junell 214-461-3411 Ajunell@MN1.com
SOURCE: VIP*Comlink, Inc.
mailto:mark.helms@vipcomlink.com http://www.vipcomlink.com mailto:alan@purenrgintl.com http://www.beyondjuice.com mailto:Ajunell@MN1.com Copyright 2007 Market Wire, All rights reserved.
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