SOURCE: JUPITER Global Holdings, Corp.

February 10, 2006 10:42 ET

JUPITER Global Holdings, Corp. Provides Additional Information Regarding Current Corporate Plans

LAS VEGAS, NV -- (MARKET WIRE) -- February 10, 2006 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) today provides additional information regarding its current corporate plans.

In response to numerous inquiries the Company provides the following additional information to its shareholders:

The Company is in serious preparations to ready a plan to be acquired or merged. As previously announced the Company's Board of Directors has authorized its management to commence preparations to develop a plan to become a target for acquisition or merger by a suitable strategic buyer.

An independent fair market value report by the recently retained firm Evans & Evans gives the Company the opportunity to better understand its worth and therefore strive to achieve the best value for the shareholders in any potential merger or acquisition transaction.

The website link for Evans & Evans can be better accessed via -- www.evansevans.com/services/services.htm

The plans to prepare the spin-off of the Company's entertainment interests are progressing well with results expected in the upcoming weeks. As developments are finalized, terms of the spin-off will be provided. This spin-off plan is also one of the key steps for the Company preparations in becoming an attractive acquisition or merger target.

Numerous steps are underway in the execution of Company's current corporate plans, and as significant results are achieved the Company will provide further announcements.

The Board of Directors and management feel that upon completion of a cohesive plan to ready the Company for a possible acquisition, JUPITER will become a more attractive target to be acquired by, or merged with other companies that see JUPITER as an ideal candidate.

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 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