SOURCE: JUPITER Global Holdings, Corp.

August 19, 2005 08:15 ET

Jupiter Global Holdings, Corp. Announces Significant Corporate Developments Expected Shortly; Specifically the Signing of Definitive Agreement for Planned Acquisition of Telecom Services Company

Generating Over $12,000,000 in Revenue Annually

LAS VEGAS, NV -- (MARKET WIRE) -- August 19, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) announced today that the Company will complete several significant corporate developments shortly. These developments include the filing of JUPITER's 10KSB annual report for the fiscal year end 2004 and subsequent 10QSB quarterly reports. Also, as previously announced, 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. The signing of the definitive agreement is expected shortly. Once closed, this acquisition will add significant revenues, cash flow and assets immediately to JUPITER'S financial statements. Progress has been slower than anticipated, but the achievement of this milestone far outweighs the time it is taking.

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.

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