Jetcom Inc.

Jetcom Inc.

July 10, 2007 11:51 ET

Jetcom Update

TORONTO, ONTARIO--(Marketwire - July 10, 2007) - Jetcom Inc. (TSX VENTURE:JTM) (FRANKFURT:YGH)(XETRA:YGH), is pleased to report an update regarding it's TSX Venture Exchange COB submission.

Further to the previous announcements concerning certain uranium exploration property option agreements entered into by Jetcom's wholly owned subsidiary, Yellowcake Resources Inc., located in the Campbell's Bay area of Quebec and in Lac a David, Saguenay area of Quebec located in the township of Dumas, Jetcom wishes to clarify that, while it proposes to enter the mineral exploration business, it is not currently in the business. Given that this is considered to be a change of business under the TSXV policies, these agreements must be approved by Jetcom's shareholders and by the TSXV beforehand.

There can be no assurance that the approvals will be granted and that the transactions will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular or Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the change of business may not be accurate or complete and should not be relied upon. Trading in the securities of Jetcom Inc. should be considered highly speculative.

Jetcom Inc. has 38,765,971 outstanding common shares.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Jetcom Inc.
    A. G. Dragone
    (416) 447-4884
    (416) 447-8868 (FAX)