SPWP.012huge news out.SPWP Approves 60 Million Share Repurchase Plan The float is 65 million and company buying 60M????Holly molly MMs. Monday November 8, 8:30 am ET
CLEARWATER, FL--(MARKET WIRE)--Nov 8, 2004 -- Summit National Consolidation Group, Inc. (Other OTC:SPWP.PK - News) announces the approval of a plan to purchase, from time to time in the open market, up to 60 million shares of the company's common stock over the next 6 months. ADVERTISEMENT
"The intent of the share repurchase program is to vote our confidence in the future of SPWP, to reduce the number of shares in circulation, and enhance shareholder value by increasing the demand for shares on the open market," said Mario Quenneville, President and CEO of SPWP.
SPWP plans to commence the repurchase of shares immediately and will continue such repurchases from time to time in the open market at prices and times deemed to be beneficial to the long-term interests of shareholders and the Company. The amount and timing of the repurchases will depend on the price of the Company's common stock and market and business conditions, including the amount and timing of acquisitions. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes.
Superwipes, Inc. products can be found in leading food, drug, convenience and beauty supply stores across North America and Europe such as ULTA, Sephora, and Dillards, etc. Superwipes are formulated with organic materials that are safe for the environment and perform with an efficacy equal to or exceeding the toxic chemicals they replace.
Superwipes, Inc. conceives, designs and formulates unique cosmetic and all-purpose products from organic materials with a variety of applications including fingernail polish remover, make up remover, sneaker cleaner wipes, instant shoe shine wipes, acne treatment wipes, eye glass, cleaner and defogger, car interior leather cleaning pads, vitamin E applicators, etc. Superwipes' products are sold in leading food, drug, convenience and beauty supply stores throughout North America and Europe. More Superwipes' products are in various stages of development, and should be released throughout 2004. Please visit www.superwipes.com
This release contains 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," "anticipates," "estimates," "believes," or statements indicating certain actions "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: Contact: Superwipes, Inc. / Taylor Capital Inc. Stephen Taylor (973) 351-3868 stephtayl9@aol.com http://www.superwipes.com
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