Not sure if it matters..
Status Wines of Tuscany Completes Merger With Mariner's Choice
LAS VEGAS, Jun 6, 2007 (PrimeNewswire via COMTEX) -- 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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Mariner's Choice International Inc.; Status Wines of Tuscany
By Staff
CONTACT: Investment Strategies Jeremy Hunt, Corporate Consultant jhunt@invstragies.com Luke Short, Corporate Consultant lshort@invstrategies.com 304-523-3980
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Marine Transport
SUBJECT CODE: BEVERAGES
MERGERS
Mergers and Acquisitions
AI
