SOURCE: JUPITER Global Holdings, Corp.

July 26, 2005 11:29 ET

JUPITER Global Holdings, Corp. Announces Definitive Agreement Expected Within Two to Three Weeks for Planned Acquisition of Telecom Services Company Generating Over $12,000,000 in Revenue

Annually

LAS VEGAS, NV -- (MARKET WIRE) -- July 26, 2005 --JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) announced today that the Company has made significant progress in its planned acquisition of a US-based telecom services company that is generating over $12 Million in annual revenues. Once closed, this acquisition will add significant revenues, cash flow and assets immediately to JUPITER's financial statements.

We feel confident enough in our progress from the Letter of Intent stage to state we expect the definitive agreement to be executed within the next two to three weeks.

The telecom service company JUPITER is planning to acquire is a facilities-based telecom applications service provider. Their lines of business include: prepaid calling card platforms, international gateway and arbitrage services, enhanced IVR solutions, Co-location services and Universal Point of Sale Activation Services. This acquisition target has asked their name and location not be made public until a definitive agreement has been executed and filed with the Securities and Exchange Commission.

The acquisition is subject to final negotiations and the acquisition target providing audited financial statements prior to the signing of a definitive agreement. Other terms of the acquisition will not be announced until the acquisition has been finalized. The acquisition is planned to be paid for through a combination of stock and cash. The Company currently has a finance arrangement and is negotiating with several other funding sources to provide the financing to secure this acquisition.

The Company believes this acquisition will deliver to our shareholders what management has been working hard for these past few years: a Company with significant revenues and tremendous potential for growth and earnings.

About JUPITER Global Holdings, Corp.

JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries such as the VoIP telecom industry, promotional marketing industry and entertainment industry. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. JUPITER Entertainment Group, Inc. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause JUPITER Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in JUPITER Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

Please visit our website: www.JUPITER.net.

Please visit our website: www.jupiterglobal.net

Contact Information

  • For more information please contact:
    Jupiter Global Shareholder Services
    Phone: 1.800.963.6532
    Email Address: Email Contact