VSTR Merger News today.
Called this one a while back.
ValueSetters Announces Planned Merger Partner 30fold LLC
BusinessWire - August 30, 2007 7:11 AM ET
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ValueSetters Inc., (VSTR.PK) the online buying group for independent retailers, today announced it is finalizing its merger plans with 30fold LLC, a privately held, Faith-Based Network Marketing Business headquartered in Arizona. The merged company, once completed, will continue as a publicly traded entity.
30fold currently hosts thousands of Online Christian Book and Music Stores and is in the process of expanding its product base to include health products, music instruments and giftware, whose supply is facilitated through ValueSetters. Sean Lee CEO of ValueSetters said, "The merger is a match made in Heaven as it allows the online bookstores to add a wide range of very profitable products to their line while giving ValueSetters a critical mass of resellers in the Christian community."
John Godzich, Founder and CEO of 30fold said, "We now have both the supply of profitable product and the audience for the product under one roof."
The company expects the merger to be completed in the next 30 days.
Forward-Looking Statements
The information contained herein includes certain forward-looking statements of our management. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as "may," "could," "expect," "estimate," "anticipate," "plan," "predict," "probable," "possible," "should," "continue," or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.
SOURCE: ValueSetters Inc.
ValueSetters Inc., Phoenix
Sean Lee, 602-547-1611
slee@valuesetters.com
