Globe Photos Inc (fka GBPT)

[tjak]

2f2 hope this helps. The bottom line is we WILL get shares in addition to keeping out PETEL Shares.

Press Release Source: Petel Incorporated


Petel Incorporated Expansion and Dividend Update
Friday June 22, 9:00 am ET
(Pink Sheets - PTEL.pk)


LONDON, June 22 /PRNewswire-FirstCall/ -

A2A Group Plc Business Combination
----------------------------------
Petel Incorporated has renegotiated its planned Business Combination with UK broadband channel platform provider A2A Group Plc.

Under the new agreement:

Each Petel Incorporated shareholder will receive two (2) A2A Group Plc shares at market price for every one (1) Petel Incorporated share held on 11 June 2007.

Under UK law the A2A shares must be issued in the first instance to the Company which will contact shareholders to arrange distribution.

Petel Incorporated will issue 100,000 shares to A2A Group Plc.

This new agreement reduces the dilution of Petel Incorporated Outstanding Shares and the dividend value by a factor of 50 whilst maintaining the shareholder value benefits of the original proposal.

Medify Solutions Limited