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AnythingGeorgiaJAVA Group, Inc.
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JAVA Announces Profitable Sale of Parkaire Skating Rink Lease in Marietta, GA
MARIETTA, Ga., Feb. 26 /PRNewswire/ -- JAVA Group, Inc. (Pink Sheets: JVGI), a Marietta, Georgia health and entertainment provider, announces today that it has sold its recently acquired Parkaire Skating Rink of Marietta, GA.
The Company further added that an approximate profit of $40,000.00US was made on the sale of this lease to an undisclosed buyer.
Pierre Quilliam, Chief financial officer of JAVA Group, Inc., stated, "this sale offered an immediate turn-key revenue generation for the Company. We will continue to look for profitable acquisitions, and/or the profitable sale of assets in selected fields of operations in the ensuing months ahead."
The Company further reiterates it will continue to seek and evaluate all potential profitable acquisitions and/or sales of assets similar to the Parkaire Skating Rink which fits JAVA's business plan, improves its financial health and its desire to increase shareholder equity.
For Further information about this release and the business at JAVA Group, Inc., contact: Pierre Quilliam, 770-795-9955, fax: 770-795-9222.
About JAVA Group, Inc.
Founded in 1989, JAVA Group, Inc., provides health and entertainment to the public and private sectors.
Except for the historical information contained herein, this press release contains forward-looking statements within meaning of Section 21E of the Securities and Exchange Act of 1934, as amended that involve a number of risks and uncertainties. Forward-looking statements may be identified by reference and future periods by use of forward-looking terminology such as "expect," "anticipate," "could," "would," "will," and "may" and other words of similar nature. There are certain important factors and risks that could cause results to differ materially from those anticipated by the statements herein. Such factors and risks include successful completion of aforementioned acquisitions and ongoing developments of the core business model, the business conditions and growth in related areas of health and entertainment sectors and in the economy in general. Competitive factors include rapid pace of competitive venues and the Company's ability to gain market acceptances. Neither JAVA Group, Inc. nor its subsidiaries undertake any obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Pierre Quilliam of JAVA Group, Inc., +1-770-795-9955,
fax: +1-770-795-9222
Copyright 2004 PRNewswire
Issued: 02/26/2004 04:56 PM GMT
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