SOURCE: Ise Blu Equity Corp

July 03, 2008 13:36 ET

Ise Blu Equity Corp. Sale of Assets

ORLANDO, FL--(Marketwire - July 3, 2008) - Ise Blu Equity Corp. (PINKSHEETS: ISBL) is in the process of selling the assets of the corporation and will issue the stock received to the shareholders of record when the registration statement for these shares is completed. We intend to distribute these shares as a liquidating dividend. Our legal counsel has advised that we cannot issue these shares to our shareholders until the registration statement is effective because of Securities and Exchange Commission rules that prohibit such transactions. The registration statements are expected to be filed on or around August 1, 2008. All shareholders of record on the effective date of the registration will receive shares of the Buyers' shares. The transactions are not final so we may not advise who the Buyers are. Suffice it to say that the shares to be received will carry a substantial premium to the market price of ISBL shares on the date we were moved from the Pink Sheets to the grey market.

Additional information will be released as available.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

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