Superwipes, Inc. (fka SPWP)

[Trenddetector]

ebruary 16, 2006 - 8:32 AM EST
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ONYY 0.51 0.00
Today 5d 1m 3m 1y 5y 10y

SPWP 0.002 0.001
Today 5d 1m 3m 1y 5y 10y

ISML N/A N/A
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Only You Clarifies Share Exchange; Number of Authorized Shares
Only You, Inc., (OTC: ONYY) announced today the terms of its share exchange with the holders of SPWP (OTC: SPWP) and SMNC common stock. Under the terms of the exchange, each share of stock in SPWP and SMNC will be priced at $0.02 per share and exchanged for shares in ONYY based on the average of the bid and ask price on February 24, 2006. For example, if the average of the bid and ask price of ONYY common stock is $0.50 on February 24, and a shareholder owns 100 shares of SPWP and/or SMNC, the shareholder will receive 4 shares of ONYY common stock.

Shareholders are advised to visit the Only You website at www.onlyyou.cc to obtain contact information for the Company's transfer agent to effect the exchange of their stock. As this exchange is a voluntary program offered by Only You, shareholders of SPWP and SMNC are also advised that the deadline to surrender their shares for exchange is March 15, 2006 at 4:00 pm Eastern, after which time the offer becomes null and void.

In addition, Only You has reduced the number of authorized shares of ONYY common stock from 110,000,000 to 75,000,000.

"Recently, the Company announced it had entered into an agreement with ISM International, Inc. (OTC: ISML) http://www.ismdecors.com to develop the brand identity, retail packaging design and target marketing strategy for Only You's My Girl(TM) line of organic and non-toxic cosmetics," said Robert Senecal, CEO. The My Girl(TM) product line includes Organic nail polish removers, lipsticks, body lotions and fragrances and specifically targets teen and middle-class consumers, for whom expensive, organic-ingredient cosmetics have been, until now, too expensive.