JUPITER Global Holdings, Corp. Announces Closing of Acquisition of Promo Staffing
LAS VEGAS, NV -- (MARKET WIRE) -- 04/18/05 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHC) today proudly announces it has closed its acquisition of PromoStaffing.com LLC ("Promo Staffing") a revenue generating promotional marketing company with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola. The closing of this acquisition is a significant achievement for JUPITER. The Company will now proceed to work diligently to close its other pending acquisitions to build on the revenues that Promo Staffing will bring to the income statement of JUPITER.
Promo Staffing (www.promobusiness.com) is growing quickly and with the support it will soon receive from JUPITER it plans on becoming one of the top promotional marketing agencies in North America.
The Company will shortly file an amended Form 8K with the amended and restated Definitive Agreement, which provides details of the final terms of the acquisition. The Company will also file Promo Staffing's audited financial statements within the required timeframe.
Cory Sklar, President & CEO of Promo Staffing, stated: "We are excited to have reached a closing of being acquired by JUPITER. We will now proceed to fully integrate ourselves into the JUPITER organization. We firmly believe that the future for JUPITER is enhanced by Promo Staffing. We look forward to the completion of some major contracts, which may enable us to have a tremendous revenue earning year for Promo Staffing and now for JUPITER."
Ray Hawkins, CEO of JUPITER, commented, "Closing of this acquisition is a major milestone for JUPITER. Promotional marketing is a billion dollar sector of the advertising and marketing industry. We are very pleased with the growth potential of Promo Staffing and what this acquisition will bring for us. They have an exciting business that we believe will contribute greatly to our income statement over the coming years. Our current and prospective shareholders should be encouraged by this closing and should continue their long-term approach when it comes to their holdings in the Company. We plan to continue working hard to close our other in progress acquisitions which we feel solidify our holding company strategy to bring our shareholders increased value over time."
ABOUT PROMO STAFFING
Promo Staffing (www.promobusiness.com) is a promotional marketing company with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries such as the VoIP telecom industry, promotional marketing industry and entertainment industry. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. JUPITER Global Holdings Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause JUPITER Global Holdings Corp. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in JUPITER Global Holdings Corp. applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov
Please visit our website: www.jupiterglobal.net
For more information, please contact: JUPITER Global Shareholder Services Phone: 1.800.963.6532 jphc@4lfs.com
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