SOURCE: Exit Only Inc.

May 03, 2011 17:41 ET

Exit Only, Inc. Acquires Trans Atlantic Capital Group; Record $15 Million Confirmed Revenue for First Quarter 2011, Acquisition Validates Business Growth Strategy

SANTA MONICA, CA--(Marketwire - May 3, 2011) - Exit Only, Inc. (PINKSHEETS: EXTO) announced that it has acquired Trans Atlantic Capital Group, Inc. in an all stock transaction consisting of 20 million shares of restricted common stock and 30 million common stock purchase warrants between $.01 and $.02 per share. Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc. achieved record revenue in excess of $15,000,000 for the first quarter of 2011 which is significantly greater than the company's $8,300,000 generated in 2010.

Trans Atlantic Capital Group, Inc. is comprised of an experienced and dynamic management team led by Mihran Stepanyan. Mr. Stepanyan will continue to manage the business operation of Trans Atlantic Capital Group, Inc. and will be added as a Director of EXTO. Mr. Stepanyan stated, "We are very excited about contributing to EXTO's revenue base and look forward to growing our business on the public company platform provided, together with EXTO's management."

President Diana Shats previously commented that she retired 1.2 billion personal shares of her common stock in the Company in preparation of this acquisition. By reducing the outstanding shares, the Company was able to close the acquisition quickly through friendship alliances that were very instrumental in securing this acquisition.

Diana Shats remarked, "This acquisition validates our business model of growth by acquisition that is accretive to our earnings. We are excited to have completed the due diligence and acquisition in under 30 days." Ms. Shats continued, "With the close of this acquisition, we also have strengthened our management team with the addition of Mr. Stepanyan. TACG will be operated by Mr. Stepanyan and his management team with the same disciplined approach that has enabled them to quickly grow their business."

About Exit Only, Inc. / Shats International Holdings, Inc.

Shats International Holdings, Inc., a wholly owned subsidiary of Exit Only Inc., business model is centered around an array of subsidiary acquisitions with its primary focus to 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: Email Contact

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