NEWS: VIPM .008 MORE MERGER NEWS OUT! (Market Wire) VIP*Comlink, Inc. Seeks to Acquire Jumpin' Juice and Java, LLC
SALT LAKE CITY, UT -- (MARKET WIRE) -- 05/08/07 -- VIP*Comlink, Inc. (PINKSHEET : VIPM) today announced that it has signed a Letter of Intent to acquire the private entity Jumpin' Juice and Java.
Jumpin' Juice & Java currently has 20 retail stores operating under license or franchise agreements with 20 stores in development with active, vested Area Developers in Florida, New England, and Nebraska. Jeff Gabica, Jumpin' Juice and Java's CEO, states that, "Our concept is one of the few that can work in small markets because we offer the same products or similar products to Starbucks, Jamba Juice, and Panera Bread all under one roof, and none of whom would be able to service small markets away from the metropolitan centers. Our positioning in the marketplace and our significant burst in growth are due to more and more people being able to afford the opportunity to be self-employed and lending institutions more willing to loan money to members of an established chain. JJJ offers people the opportunity to live free." More information on the Jumpin' Juice & Java business opportunity and its products can be found online at http://www.jumpinjuiceandjava.com.
"Combining the business assets of JJJ and BJ together with VIPM provides tangible benefits for all parties," said Tim Chou, VIPM's CFO. "VIPM is seeking to provide long-term value to its shareholders while JJJ and BJ are seeking to leverage stable growth capital," said Chou.
Details of the acquisition and management's equity restructuring plan will be disclosed on May 11, 2007 during the company's annual shareholder meeting when Mark Helms, its Chief Executive Officer and Chairman of the Board, will present the Company's strategic business plan to the shareholders. The deal is expected to generate a definitive agreement and letter of commitment upon the completion of due diligence including a comprehensive study of how to effectively combine the brands of Jumpin' Juice & Java and Beyond Juice together.
The foregoing may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact: VIP*Comlink, Inc. Mark Helms Chairman & CEO (801) 305-4153 mark.helms@vipcomlink.com http://www.vipcomlink.com
Jeff Gabica Jumpin' Juice & Java CEO/Director of Development (208) 866-3310 jeff@jumpinjuiceandjava.com http://www.jumpinjuiceandjava.com
Market News First Angela Junell 214-461-3411 ajunell@MN1.com