SOURCE: JUPITER Global Holdings, Corp.

March 20, 2006 16:05 ET

JUPITER Global Holdings, Corp. Notifies Shareholders of Significant Progress in Its Corporate Activities

LAS VEGAS, NV -- (MARKET WIRE) -- March 20, 2006 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) today notifies shareholders of significant progress in its developing corporate activities.

JUPITER is pleased to announce that its independent pricing analysis report is near completion and that Management expects the pricing number to be no less than $0.004/share.

This independent pricing analysis report provides two important things to the Company: 1) technical data on the potential value of JUPITER and; 2) a tremendous aid to Management in its discussions with the potential suitors to negotiate the best price possible for the Company's shareholders.

Ongoing discussions with a potential acquirer/merger candidate are progressing at an increased pace and we anticipate a continued move towards the completion of a transaction.

Ray Hawkins, CEO of JUPITER, commented: "The Company set a plan in place, and many of the aspects of that plan are coming together. Shareholders should be very pleased with Management's expectations and enthusiasm."

The independent pricing analysis report is a confidential document that the Company commissioned for internal purposes only to aid the JUPITER board of directors in meeting their fiduciary duties in negotiations with any acquirer/merger candidate. JUPITER retained Evans & Evans to prepare an independent pricing analysis report to assist the JUPITER board of directors in determining a reasonable price for JUPITER in contemplating any transaction with any acquirer/merger candidate.

Although Management is encouraged at this stage of the discussions, no assurances can be given that an acquisition or merger transaction will be agreed to by the parties or that such a transaction will be approved by our shareholders, if required.

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. 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 U.S 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