SOURCE: JUPITER Global Holdings, Corp.

April 21, 2006 13:08 ET

JUPITER Global Holdings, Corp. Provides Update Regarding Current Corporate Plans

LAS VEGAS, NV -- (MARKET WIRE) -- April 21, 2006 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: JPHC) today provides an update regarding its current corporate plans.

JUPITER is pleased to announce that the Company is in the final stages of completing a prospective merger transaction with an acquirer/merger candidate. The Company now anticipates the announcement of a transaction is imminent.

Today, the Company filed a Form 15 with the U.S. Securities and Exchange Commission, which terminates or suspends the Company's duty to file periodic reports with the Commission and effectively makes JUPITER a non-reporting company. The Form 15 filing is a prerequisite of the merger transaction and is a positive development for the Company and its shareholders, as the filing of the Form 15 completes another step in a series of steps needed to accomplish the completion of a merger transaction.

Although Management is encouraged and remains optimistic at this stage of its prospective merger, no assurances can be given that an acquisition or merger transaction will be actually closed 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