SOURCE: JPC Capital Partners, Inc.

July 31, 2008 10:26 ET

JPC Capital Partners, Inc. Shareholders Vote to Complete Stock Purchase Agreement and Share Exchange With Componus, Inc.

ATLANTA, GA--(Marketwire - July 31, 2008) - JPC Capital Partners, Inc. (OTCBB: JPCI), based in Atlanta, Georgia, announced today that its shareholders had voted to approve changes to JPCI's certificate of incorporation and board of directors, both steps necessary to complete the stock purchase and share exchange agreement with Componus, a Nevada corporation ("Componus"). Chairman and CEO of Componus, Inc., Eric Huang, states, "I am both pleased and excited about the opportunities that will be created from our going public and trading in the U.S. equity markets. I personally feel that this will add value to our business model and create more opportunities for our future growth potential. We look forward to expanding our capabilities as a direct link in the global automotive marketplace."

The stock purchase and share exchange agreement provides for the acquisition of Componus by JPC Capital Partners, Inc. with Componus becoming a wholly owned subsidiary of JPCI. In connection with this acquisition, JPCI's shareholders approved today a reverse split of outstanding JPCI common shares on a 2 for 1 basis and an increase of the number of authorized shares from 95 million to 250 million. JPCI expects to complete the share exchange on Monday, August 4, 2008 and issue 89,000,000 shares of common stock in exchange for all capital shares of Componus. As a result of this share exchange, Componus shareholders will own approximately 87.25% of the total issued and outstanding common stock of JPCI. JPCI CEO John Canouse stated: "We are very excited that our shareholders have voted overwhelmingly to complete this transaction. We believe this transaction to be an effective strategy to increase value by allowing our shareholders an opportunity to participate in the economic growth surge happening in the Asian markets. Componus is an established company with significant assets and a tremendous revenue potential in the multi-billion dollar metal forging and automotive supply industry. We see this as a great opportunity for JPCI shareholders."

About Componus, Inc.

Componus, Inc. is a Nevada Corporation involved in the multi-billion dollar industry of providing the automotive, trucking, transportation, railway, and petroleum industries with raw, finished, and assembled components.

About JPC Capital Partners, Inc.

JPC Capital Partners, Inc. has been a licensed broker-dealer since its inception in 1999. It specializes in private placements and financings for public and private companies, as well as certain corporate finance functions, including business consulting and merger and acquisition services. For additional information, visit JPC Capital Partner's website at http://www.jpccapital.com or contact John Canouse at 770-521-1330.

Forward-Looking Statements

This report contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), other than historical facts, which reflect the view of JPCI's management with respect to future events. When used in this report, words such as "believe," "expect," "anticipate," "estimate," "intend," "deem," "see" and similar expressions, as they relate to JPCI or Componus or their plans or operations, identify forward-looking statements. Such forward-looking statements are based on assumptions made by and information currently available to JPCI's management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations are reasonable, and it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, the ability of Componus to execute its business plan, currency and commodity fluctuations, availability of raw materials, raw material cost increases, and severe interest rate increases. JPCI can provide no assurance that such cost increases can be passed on to its customers through implementation of price increases for JPCI's products. Furthermore, the ability of current management to evaluate the risk and viability of Componus's business plan is limited by current management's lack of experience in Componus's industry. The forward-looking statements contained herein reflect the current views of management with respect to future events and are subject to those factors and other risks, uncertainties and assumptions relating to the operations, results of operations, cash flows and financial position of JPCI. JPCI assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements.

Contact Information

  • Contact:
    John Canouse
    770-521-1330