here it is :
CUMMING, GA -- (MARKET WIRE) -- 11/13/07 -- PlanetLink Communications Inc. (OTCBB: PLKC) announced that Planettraks, a wholly owned subsidiary, has signed a definitive acquisition agreement to acquire DnC Multimedia, Inc. in exchange for Planetlink stock. The transaction is expected to close within the next three business days.
As per the terms of the agreement, Planetlink will issue 250,000,000 shares of restricted common stock and 1,250,000 shares of Series A preferred stock to Pluginz, LLC, as consideration for the purchase of DnC.
Robert Lott, CEO of Planetlink commented, "We are looking forward to the completion of this transaction, as it represents a significant milestone in creating a new business within Planetlink."
To receive future news releases from PlanetLink Communications, Inc. please email your name, address, contact information and email address to investor@planetlinkcorp.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
