LAS VEGAS, NV -- (MARKET WIRE) -- 03/08/06 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHC) today provides an update regarding its current corporate plans.
The Company is pleased to inform its shareholders that the preliminary discussions with a potential acquirer/merger candidate are ongoing and progressing well.
Also, the Company's valuation process is advancing positively. Preliminarily, management feels very pleased with the process and the interim results. The independent pricing analysis report is moving towards being finalized, and the Company believes shareholders should be encouraged by Management's optimism about the direction of the process.
As a response to numerous shareholder inquires, the independent pricing analysis report is a confidential document that the Company commissioned for internal purposes only to aid the JUPITER board of directors in meeting their fiduciary duties in negotiations with any acquirer/merger candidate. JUPITER retained Evans & Evans to prepare an independent pricing analysis report to assist the JUPITER board of directors in determining a reasonable price for JUPITER in contemplating any transaction with any acquirer/merger candidate.
Although Management is encouraged at this stage of the discussions, no assurances can be given that an acquisition or merger transaction will be agreed to by the parties or that such a transaction will be approved by our shareholders, if required.
The entertainment spin-off, although delayed, is moving forward diligently. The abovementioned corporate plans, plus the Company's efforts to become current with its periodic filings with the U.S. Securities and Exchange Commission have required the Company to prioritize these efforts. The Company plans to provide a further update regarding the spin off of its entertainment interests in the near future.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. JUPITER Global Holdings Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause JUPITER Global Holdings Corp. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in JUPITER Global Holdings Corp. applicable public filings on record with the U.S Securities and Exchange Commission which can be viewed at its website at www.sec.gov
Please visit our website: www.jupiterglobal.net
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