SOURCE: Exit Only, Inc.

February 25, 2011 07:50 ET

Exit Only, Inc. Acquires Shats International Holdings, Inc.

NORTH HOLLYWOOD, CA--(Marketwire - February 25, 2011) - Exit Only, Inc. (PINKSHEETS: EXTO) today announced that it has acquired Shats International Holdings, Inc. ("SIH"). Simultaneously with the Company's acquisition of SIH, Diana Shats acquired a controlling interest in the company and became Chairman, President and Chief Executive Officer of the company. The Company also intends to change its name and symbol in the near future to better reflect the company's operations.

Shats International Holdings, Inc. will announce more details in the future to further explain the new developments within the company. The management team at SIH is highly experienced in business development and has commenced discussions regarding multiple acquisitions and is committed to creating sustainable and increasing shareholder value through accretive acquisitions and related business development.

"The movement of SIH into a public company represents the next step in SIH's growth and development, which we believe will provide us with the foundation to launch our brand and drive our business plan," stated Ms. Shats. "We have many exciting initiatives underway, including prospective acquisitions. We are also in the process of building a great management and employee team for SIH, and we are looking forward to further sharing our strategic goals for SIH in the near future."

About Shats International Holdings, Inc.

Shats International Holdings, Inc. business model is centered around an array of subsidiary acquisitions with its primary focus identify strategic growth companies, intellectual properties, and assets within the US and abroad that will bring significantly enhanced valuation to its shareholders through a vast and diverse field of industries. Additional information will be available shortly at both Pinksheets.com and the company's website. http://www.shatsholdings.com/

Cautionary Note Regarding Forward-Looking Statements

This press release and the statements of representatives of Exit Only, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, SIH's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (PinkSheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

Contact Information

  • CONTACT:

    Investor Relations
    Briggs Smith
    813-438-5225
    Email Contact

    Shats International Holdings, Inc.
    800-406-7906
    Email Contact