MMUH News ~
MMU Holdings Inc. Definitive Agreement Executed With TzuFuma Inc.
Mobile Media Unlimited Holdings, Inc..Related Quotes
Symbol Price Change
MMUH.PK 0.0410 +0.0089
Press Release Source: Mobile Media Unlimited Holdings, Inc. On Monday December 28, 2009, 4:00 pm
COCONUT CREEK, Fla., Dec. 28, 2009 (GLOBE NEWSWIRE) -- Mobile Media Unlimited Holdings Inc. (Pink Sheets:MMUH - News) (MMUH) (DE) announced that the Company has executed the Definitive Agreement ("DA") with TzuFuma Inc. (FL). MMUH will purchase TzuFuma in an all stock transaction costing MMUH 58,000,000 shares of newly issued restricted common stock.
TzuFuma Inc. is a wholesale distributor business of Electronic Cigarettes. Electronic Cigarettes or E-Cigarettes are technological marvels which have the look, taste and feel of a real cigarette without any combustible components and produces water vapor instead of second-hand smoke. The advantages of this product are apparent since no actual smoke by-product is created, and users have the freedom to enjoy smoking in establishments currently smoker unfriendly.
Robert Paterson, President of TzuFuma Inc. stated in a telephone interview: "We have ironed out all of the remaining details regarding financing and the integration of the acquisition and I am pleased to announce that no significant material changes were made to the original MOI. The Company and its associates bring a wide talent pool to the table with skill sets we believe will immediately enhance marketing and accelerate our clients into mass distribution here in the United States but more importantly Internationally. We anticipate gross revenues from domestic sales to be in the region of 12-14% of our total gross revenue for fiscal 2010. We fully anticipate 2010 to be a bumper year."
About Mobile Media Unlimited Holdings Inc.
* MMU Inc., a wholly-owned subsidiary, unprofitably markets SMS &
BLUE_TOOTH technologies.
Recent acquisition of TzuFuma Inc.
* TzuFuma Inc. is in the import and wholesale distribution
business of Electronic Cigarettes.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in plans and schedules, or market acceptance.
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