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Monday, July 30, 2007 1:12:09 PM
Summus Works, Inc.: Company Announces Sale of N'EAST Magazine Ownership
via COMTEX
July 30, 2007
Portland, ME., Jul 30, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Summus Works, Inc. (Pink Sheets: SMMW) announced the Company's sale of its 51% ownership of N'EAST Magazine to Jim McGinley, the publication's founder and publisher. Under the purchase agreement, the Company is released from all liabilities in connection with the magazine and will retain value in web development and design services as well as designated advertising and marketing opportunities with N'EAST Magazine and its affiliates.
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