SOURCE: SuperPro Vending Group, Inc.
|
September 26, 2007 08:31 ET
SuperPro Vending Group Board of Directors Approves Purchase of up to 100 Million Free Trading Shares
WHITE PLAINS, NY--(Marketwire - September 26, 2007) - SuperPro Vending Group, Inc. (PINKSHEETS: SPVG) is pleased to announce that its Board of Directors has authorized the
purchase of up to 100 million shares of common stock. The stock
procurement will take place through open market purchases as permitted by
securities laws and other legal requirements.
The decision was based upon anticipated events in the short-term future as
the Company works towards its goal of maximizing the return for
shareholders and improving its price-earnings ratio. Management believes
that the purchase program will be an effective means of decreasing the
public float by reducing the number of free-trading shares. The stock
purchase option will be available to SuperPro Vending Group directors and
officers.
"We believe that the recent acquisition of AFA Music Group places our share
price in an undervalued position. The current value of our stock, coupled
with anticipated events, indicates to us that this is a good time to
acquire additional free trading shares," stated Jon Goldwater, President
and CEO of SuperPro Vending Group, Inc.
SuperPro Vending Group recently announced that the Company has completed
the acquisition of AFA Music Group. AFA Music Group's business revolves
around many aspects of the music industry, but the company's core focus is
talent management and production services.
About SuperPro Vending Group, Inc.:
AFA "Artists for Artists" is a talent development and management agency.
Since being founded in 2005, and based on its philosophy, AFA has attracted
a roster of nine "major-quality" recording artists. AFA Music Group plans
on simultaneously acquiring various music-publishing assets and to begin
developing its own catalogue of artists and albums. AFA retains equity
positions with all of its artists, which include all income streams that
are generated by these artists. These income streams include recording
royalties, merchandise, sponsorship, touring, music publishing, internet
downloads and ringtones.
Safe Harbor: Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that such
statements about the Company's future expectations, including future
revenues and earnings, technology efficacy and all other forward-looking
statements be subject to the safe harbors created thereby. The Company is a
development stage company who continues to be dependent upon outside
capital to sustain its existence. Since these statements (future
operational results and sales) involve risks and uncertainties and are
subject to change at any time, the Company's actual results may differ
materially from expected results.
To automatically receive instant updates, press releases, and other
information on this and other Big Apple Consulting USA companies, please
visit www.bigappleconsulting.com/compro.php and download your FREE copy of
Big Apple ComPro.