SOURCE: JUPITER Global Holdings, Corp.

October 19, 2005 14:05 ET

JUPITER Global Holdings, Corp. Announces It Has Identified Additional Telecom-Oriented Acquistions to Target With Significant Revenue and Assets

LAS VEGAS, NV -- (MARKET WIRE) -- October 19, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) announces that it has begun the process of pursuing additional assets and operations that are generating revenues above $10,000,000 annually. Some of the target assets the Company has identified are valued at over $20,000,000. JUPITER's pursuit of these acquisitions is meant to add to its Macro Communications acquisition to bolster the Company business growth goals.

Our team has been researching potential acquisitions for some time now and we have narrowed our search to a target list that we feel confident can become candidates to be acquired. The acquisitions we are targeting are primarily in the telecom services sector. Our growth plan sets a strategic holdings direction with Macro Communications as the foundation that our shareholders should be very pleased with in terms of its potential, especially regarding how quickly through acquisition we feel we can build revenues to significant levels.

The Company feels our stock is presently undervalued and with a hopeful increase in our market cap we should be able to complete some of these acquisitions using the company's stock or achieving better financing to fund the acquisitions. All of our future acquisition plans are aimed at increasing shareholder value, and advancing to this identification phase with these targeted acquisitions is a key first step.

In the near future, we look forward to turning these acquisition targets into letters of intent and subsequently definitive agreements and announcing these contracts to JUPITER shareholders and the investing community.

ABOUT JUPITER GLOBAL HOLDINGS, CORP.

JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries. 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 Global Holdings, Corp. 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 Global Holdings, Corp.'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 Global Holdings, Corp.'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.jupiterglobal.net

Contact Information

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