SWNE/MCII Completes Merger With Mariner's Choice
PrimeZone "PrimeZone "
LAS VEGAS, June 6, 2007 (PRIME NEWSWIRE) -- Status Wines Of Tuscany, Inc. (Other OTC:SWNE), a Nevada Corporation, recently completed a reverse merger with Mariner's Choice of Jacksonville, Florida, changing its name to Mariner's Choice International, Inc. (Pink Sheets:MCII), upon completion of the merger as filed with the Nevada Secretary of State. Mariner's is a manufacturer of ecologically based products that are sold across multiple verticals in the marine industry. Mariner's is traded on OTC Pink Sheets under the symbol MCII (Pink Sheets:MCII).
A majority of SWNE shareholders ratified the action of directors approving the merger between Status Wines and Mariner's at its annual meeting of shareholders on May 7, 2007. In conjunction with the merger, the shareholders also approved a 500:1 reverse split of issued and outstanding common shares held as of March 19, 2007, and the rounding up of all fractional post-split shares wherein beneficial holders holding less than 500 shares as a result of the reverse split, would be rounded up to a minimum of 500 post-split shares per each pre-split beneficial holder. In conjunction with the reorganization of the Company, shareholders elected new management of the Company with Amie Hingston and Stanley Snopek to serve as member(s) of the board of directors
Mariner's Choice management will be sharing upcoming news regarding its business activities as they stay on course in executing their strategies to increase shareholder value.
Forward-Looking Statements
Certain statements contained in the above, are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements.
CONTACT: Investment Strategies
Jeremy Hunt, Corporate Consultant
jhunt@invstragies.com
Luke Short, Corporate Consultant
lshort@invstrategies.com
304-523-3980
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