SOURCE: Cinnabar Ventures, Inc.

Cinnabar Ventures, Inc.

January 14, 2010 18:52 ET

Cinnabar - Yippy Closing Date Extended to January 31, 2010

FORT MYERS, FL--(Marketwire - January 14, 2010) - Cinnabar Ventures, Inc., a Nevada corporation ("Cinnabar" or the "Company"), remains in negotiations to acquire Yippy, Inc., a Delaware corporation. The parties originally intended to complete the acquisition no later than January 14, 2010, but the parties have mutually agreed to extend their negotiations and anticipate closing the transaction on or before January 31, 2010.

About Cinnabar Ventures, Inc.:

Cinnabar is a new economy technology company that develops technologies and relationships for Web-OS systems in the Cloud computing space. Interactive Media and online advertising are also a focus of Cinnabar. Cinnabar also invests in other technologies such as device and systems management platforms, as well as companies with high growth potentials in search, social networking, e-com and wireless/data communications. Cinnabar currently is in an acquisition mode to build the business model around like and kind businesses with seamless vertical integrations into its long term business plan. Cinnabar also licenses brands, domains and content for distribution across our network platforms for wireless devices and traditional content distribution channels.

Forward-Looking Statements

Pursuant to The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Cinnabar Ventures, Inc. can be found in the filings of Cinnabar Ventures, Inc. with the U.S. Securities and Exchange Commission.

For more information on the company visit: www.cinnabarcompany.com.

Contact Information

  • CONTACT:
    Cinnabar Ventures, Inc.
    Rich Granville
    239-561-3827