SOURCE: JUPITER Global Holdings, Corp.

June 21, 2005 07:00 ET

JUPITER Global Holdings, Corp. Declares a 200-for-1 Stock Dividend in Global Bancorp, Inc. Common Stock for All Jupiter Shareholders of Record as of Close of Business July 1, 2005

LAS VEGAS, NV -- (MARKET WIRE) -- June 21, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) today announces that all JUPITER shareholders of record on close of business July 1, 2005 (the "Record Date"), will receive a dividend on a 200-for-1 prorated basis of the common stock JUPITER owns in Global Bancorp, Inc., a publicly traded Pink Sheet company (OTC: GBBI).

As part of the previously announced VOXBOX restructuring plan, Global Bancorp, Inc. will be changing its business direction to the VOXBOX business plan and change its name to VOXBOX World Telecom by absorbing the equity stake that Jupiter owns in VOXBOX Telecom, Inc. The equity stake JUPITER acquired in GBBI under the restructuring plan is what is being dividend to JUPITER shareholders.

Any additional information and instructions about the stock dividend will be provided after the Record Date.

Ray Hawkins, CEO of JUPITER, commented: "We are pleased to be able to announce the Record Date and ratio of the GBBI common stock dividend ahead of schedule. As stated previously we have had numerous shareholders that have been patient with the Company's developments. Our holding company structure, coupled with a plan to acquire and develop businesses, spin them out under various strategies and provide benefits such as dividends, is a something we feel is a great reward for our shareholders' loyalty and their long-term thinking approach."

We now look forward to the development of the Promo Staffing spin-off and subsequent dividend plan. The Promo Staffing dividend plan is in the works to be implemented upon completion of the audit of the Promo Staffing financial statements as previously stated. Although expected to be complete by Friday, June 17, 2005, the finalization of audited statements and subsequent Form 8K filing is still underway and is anticipated to be complete shortly.

ABOUT GLOBAL BANCORP, INC. (VOXBOX)

Global Bancorp, Inc. (OTC: GBBI) is a Nevada-based corporation with operations in British Columbia. GBBI is currently restructuring itself to acquire the business of VOXBOX Telecom, Inc. and change its name to VOXBOX World Telecom. GBBI's restructuring is based on acquiring the shares and rights to shares of VOXBOX Telecom, Inc. that it did not own which were held by JUPTER Global Holdings, Corp.

VOXBOX (http://www.myVOXBOX.com) is an exciting new service in the multi-billion-dollar VoIP market.

VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.

Voice over Internet Protocol (VoIP), is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/voip/.

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: Email Contact