ValueSetters Completes Planned Merger with 30fold
ValueSetters Inc. (Pink Sheets: VSTR) is pleased to announce that the merger between 30fold LLC and ValueSetters Inc. has been completed. All final merger documents have been filed and approved by all relevant regulatory bodies.
John Godzich from 30fold will be joining the Board and assuming the role of President and CEO while Sean Lee will remain on the Board as Chairman. Steve Geary will remain as Executive Vice President and COO of the merged company. Mr. Lee, Mr. Godzich, and Mr. Geary comprise the Board of Directors of the new ValueSetters.
The merged entity will continue to build and develop the ValueSetters and 30fold businesses. Mr. Godzich commented, "It is our belief that our member base will benefit considerably from the synergies and opportunities resulting from this merger."
About ValueSetters
ValueSetters Inc. (www.valuesetters.com and www.30fold.com) is an online buying group for independent retailers as well as an online faith-based retailer and marketer. The company's mission is to provide products and support services that drive the success and profitability of its member business network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.
SOURCE: ValueSetters Inc.
ValueSetters Inc. Investor Relations, 602-547-1611 investorrelations@valuesetters.com
