SOURCE: JUPITER Global Holdings, Corp.

June 13, 2005 10:38 ET

JUPITER Global Holdings, Corp. and Global Bancorp, Inc. Announces VOXBOX to Become Public Through a Restructuring Plan

LAS VEGAS, NV -- (MARKET WIRE) -- June 13, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHCE) today announces it is currently executing a VOXBOX restructuring plan with Global Bancorp. Inc., its joint venture Partner in VOXBOX (www.myvoxbox.com). This restructuring plan will enable VOXBOX to go public in a short period if time.

Specifically, under the restructuring plan, Global Bancorp, Inc., a pink sheet traded company under the ticker symbol GBBI (www.gbbi.us), will repurchase JUPITER's interest in VOXBOX. Upon completion of the repurchase GBBI will change its name to VOXBOX and subsequently change its ticker symbol, therefore enabling VOXBOX to be a publicly traded company.

JUPITER will receive a minority interest in common shares of GBBI for its sale of its interest in VOXBOX back to GBBI. It is planned for JUPITER to retain the right to acquire up to 50% of GBBI as part of the restructuring plan.

This overall restructuring plan is underway now and GBBI will work diligently to execute the transition of changing itself to VOXBOX. As previously stated, the potential for the VOXBOX business and its need for capital have led its management to implement these plans.

Ray Prescott, CEO of VOXBOX and CEO of GBBI the VOXBOX joint venture partner, commented: "As this plan is implemented, VOXBOX and the shareholders of both companies should benefit greatly. This is an exciting step forward and I look forward to making this successful."

Ray Hawkins, CEO of JUPITER Global Holdings, Corp. stated: "We believe this is a key decision that is a big move which should produce significant results over time for all the stakeholders. We expect to have this restructuring complete shortly and subsequently have VOXBOX publicly traded on the Pink Sheets. We look forward to the announcement of additional upcoming developments as this restructuring progresses."

ABOUT VOXBOX

VOXBOX (http://www.myVOXBOX.com/) is an exciting new service in the multi billion-dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans.

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 GLOBAL BANCORP, INC.

Global Bancorp Inc. (OTC: GBBI) is a Nevada-based corporation with operations in British Columbia. The Company's mission is to develop or acquire, manage, and fund potentially high-growth emerging digital media technology companies. Global Bancorp shares are traded on the Pink Sheet market in the United States. Global Bancorp is delivering a unique suite of "Digital Lifestyle Products," consisting of Voice over Internet (VoIP), Broadband Internet, Compressed Data Delivery and Video-on-Demand (VOD).

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