SOURCE: JUPITER Global Holdings, Corp.

May 17, 2005 11:25 ET

Jupiter Global Holdings, Corp. Announces Planned Promo Staffing Spin Off and Stock Dividend to Be Declared on or About June 17, 2005

LAS VEGAS, NV -- (MARKET WIRE) -- May 17, 2005 -- Jupiter Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHCE) today announces plans to declare the spin off details and the stock dividend record date of Promo Staffing (www.promobusiness.com) on or about June 17, 2005.

Today's announcement is in continuation of the Company's previous announcement of the commencement of implementing plans to spin off Promo Staffing as a separate public company and provide JUPITER shareholders with a stock dividend in Promo Staffing stock. This timeline is an effort for JUPITER to move rapidly to execute the necessary tasks to provide Promo Staffing with the most opportune environment to secure the capital it requires to implement its business plan. Management believes solidifying the spin off timeline and the stock dividend to JUPITER shareholders is a win-win for all involved.

The declaration date referred to above is expected to be finalized and announced after the Company files Promo Staffing's audited financial statements.

ABOUT PROMO STAFFING

Promo Staffing (www.promobusiness.com) is a promotional marketing company with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola.

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 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. 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. 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: jphc@4lfs.com