SOURCE: St. Joseph, Inc.

St. Joseph, Inc.

September 08, 2014 08:30 ET

St. Joseph Issues Corporate Update Regarding Recent ANZ Financing, New Business Developments at ANPI and Status of RTO With Zone USA

MCKINNEY, TX--(Marketwired - Sep 8, 2014) -  St. Joseph, Inc. (OTCQB: STJO) today issued a formal corporate update to provide the Company's shareholders with details on recent developments involving Zone USA, Inc. (Zone), St. Joseph's reverse takeover (RTO) candidate, which holds a 50% ownership stake in ANZ Communications, LLC (ANZ). 

Gerry McIlhargey, President and CEO of St. Joseph, stated, "Last month, ANZ completed a $10 million equity financing with its current shareholders, Zone and ANPI Holdings, LLC, each contributing $5 million in growth capital. The proceeds of that financing will support ongoing growth initiatives at ANZ and further enhance the Company's standing as the nation's leading provider of long distance and award-winning Hosted Unified Communications (UC) solutions to, among others, rural U.S. telecommunications providers.

"Other exciting developments over the past several months have included:

  • The formation of a strategic alliance between ANZ and INDATEL, a team of wholesale carriers dedicated to providing telecommunications solutions via fiber optic network routes throughout rural and metro America. The purpose of this joint effort is to coordinate each organization's infrastructure in order to benefit rural areas, as well as take a leading role in planning the future deployment of telecommunications services throughout rural America.

  • The expansion of ANZ's national network of sales representatives with the addition of a new Master Agent, VentureGroup, to the Premier Partner Program. Based in Charlotte, North Carolina, VentureGroup is one of the largest Master Agents in the country.

  • TMC, a global integrated media company, recognized ANZ's ANPI VIP hosted UC solution as one of the 2014 Unified Communications Products of the Year and as one of the 2014 Communications Solution Products of the Year. 

"With respect to progress on our planned RTO with Zone, the St. Joseph management team, in collaboration with Zone's principals, continue to meet with various investment firms on Wall Street to define and implement our capital formation strategies and proceed with the next stage of the planned reverse takeover. Given the prevailing strength of the capital markets, I am very hopeful that our efforts will meet with success and the capital raising will be completed prior to the end of this year," concluded McIlhargey.

About ANZ Communications, LLC
ANZ, through its operating subsidiary ANPI, is a premier communications provider offering an advanced Hosted Unified Communications solution for both businesses and carriers (as a private label product), as well as wholesale long distance, tandem access and SS7 solutions. ANZ is committed to delivering powerful and reliable next-generation solutions to serve the evolving needs of independent telephone companies and businesses through technology and service innovation. Based in Springfield, Illinois and Frisco, Texas, ANZ began serving rural telecom companies in 1996, and today serves the voice and data needs of more than 450 CLECs, ILECs, IXCs and regional wireless carriers, as well as over a thousand business customers across the U.S. ANZ also owns and operates a nationwide IP network with switching and/or POP facilities in Los Angeles, Las Vegas, Dallas, Chicago, Atlanta and New York, and monitors all activity 24/7 in their own Network Operations Center.

About Zone USA, Inc.
Zone USA, via its 50% shareholding of ANZ Communications, LLC, is engaged in providing telecommunications services to the residential market, retail business market and wholesale carrier market, including long distance telephone services, local exchange services, high-speed internet and wireless services, access and signaling services, private data networks and value added telecommunications and/or administration services. Zone USA is planning to expand its telecommunications activities in the United States to include services which are complementary to its existing business, including, but not limited to, development of wireless services.

About St. Joseph, Inc.
Headquartered in McKinney, Texas, St. Joseph, Inc. is a publicly traded company focused on effecting a reverse takeover with Zone USA, Inc., a holding company, which owns a 50%, jointly-controlled interest in ANZ Communications, LLC. For more information about St. Joseph, Inc., please visit www.stjosephinc.com.

This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. In particular, there is no assurance that the parties will reach a definitive agreement for the proposed transaction or that the transaction will be completed. Additionally, no assurance can be provided that the terms of any transaction will be similar to those contemplated by the Letter of Intent. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

Contact Information

  • St. Joseph, Inc.
    Investor and Media Relations Contact
    407-585-1080