Replies to post #4384 on MicroHoldings US, Inc (fka MCHU)

[lefty18]

He didn't mention SFTV. So why four companies? Do all of these companies offer technological advances? He did say that one of the companies provided monitoring services to the oil and gas industry and the other had to do with housing technology.

[FOURWINNS]

By Jeff Flannery, CEO of Jackson Rivers


Monday March 27, 2006


Update on UTSI acquisition
Many have been asking for additional information on the pending acquisition of UTSI, and I apologize that I have not had much to give you other than we are still in the due diligence and audit process. All I can say is that we are very excited about bringing these companies together and that we are moving forward as quickly as we can.

There really has been no delay, but bringing a private company, such as UTSI, with a long history and significant operations into a public company is no small task. In this day and age, it is necessary to go through some detailed procedures to make sure that the acquisition can happen in a timely manner and within reason from a cost perspective.

The SEC and auditors require much more now in terms of review and details than ever before. And so both JKRI and UTSI have a great deal of work to get through this process. But as we go through this process, I have to admit that the two companies are already enjoying working together and I think this bodes well for the future.

As many of you may be aware, Diverse Networks and UTSI are already working together of proposal to provide support for the pipelines in Nigeria, and I hope to have an update on that soon as well.

Thanks for your support.

Jeff Flannery,
CEO
Jackson Rivers
-----------------------------------------------------

Guess he must be busy guy.

Selling huge lots of JKRI?

Accumulation or dilution?