Eagle Ventures International, Inc. Acquires Envirogenex International, Inc.
EAGLE, Idaho, Dec. 5 /PRNewswire-FirstCall/ -- Eagle Ventures International, Inc. ('the Company') (OTC Pink Sheets: EGVI) announces that it's wholly owned Nevada subsidiary has merged with Envirogenex International, Inc. ('Envirogenex'). As a result of the transaction, Envirogenex became a wholly-owned subsidiary of the Company. Pursuant to the transaction, the shareholders of Envirogenex will receive approximately sixty-one million one hundred and eighty thousand shares of the Company's common stock. Consequently, the shareholders of Envirogenex have become the controlling shareholders of the Company and the Company now has approximately seventy-six million shares issued and outstanding.
Through its subsidiary, Telextreme, Inc., Envirogenex is engaged in the business of providing next-generation VoIP (Voice over Internet Protocol) services to customers in the consumer and small business markets. Envirogenex had gross annualized revenue of approximately $30 million for the year ending December 2006. The Company's products and services are sold through a network of approximately thirty-five thousand active distributors outside the United States in countries such as Brazil, Mexico, Malaysia, and other regions. The Company intends to make its VoIP products available in the United States within the next six months.
Commenting on his company going public, Shelby Langston, Chairman / CEO stated 'Having established the market need for our products internationally, we are excited about the investment opportunities we can offer the market by being publicly-held. We look forward to bringing our knowledge and marketing experience in VoIP to a larger public market. This is going to be very exciting for those who want to be part of the fast growing VoIP industry.'
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