SOURCE: Luvoo International, Inc.

June 04, 2007 06:15 ET

Luvoo International, Inc. Prepares Form 10-SB SEC Filing in Preparation for Up-Listing to OTC Bulletin Board

TUJUNGA, CA--(Marketwire - June 4, 2007) - Luvoo International, Inc. (PINKSHEETS: LUVT), the parent company of Wag My Tail, Inc., a pet grooming franchisor, a pet grooming school, and pet grooming and mobile pet grooming company, www.wagmytail.com, and a growing global online dating company, www.luvoo.com, is pleased to announce today that it has begun the preparations for a Form 10-SB SEC filing in preparation for application for the company's stock to be traded on the over-the-counter bulletin board. LUVT stock is currently quoted on the "Pink Sheet" quotation system.

LUVT has already prepared the required financial statements to be submitted to the CPA firm for the audit.

L. Yvonne Vanhoek, LUVT's President and CEO, stated, "This is, by all means, a step toward the development of Luvoo International, Inc.'s future as a publicly traded company. By up-listing to the OTC-BB, we believe we will become much more reputable to the financial markets. We will be required to state our financials and file increased disclosure with the SEC, and as such, LUVT is prepared to formally take these steps. I feel that investors investing in any company, not just LUVT, should be given full disclosure to the company's financials. Being listed as a bulletin board company we believe will expose us to a broader base of investors and sophisticated financial institutions that will look at us as a more marketable security for investment."

LUVT is completing the federal registration statement on Form 10-SB in conjunction with the company's application for quotation on the OTC-BB. The preparation and filing of the Form 10-SB under the Securities and Exchange Act of 1934, will obligate LUVT to become a "fully reporting" company to the SEC.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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