SOURCE: St. Joseph, Inc.

St. Joseph, Inc.

March 12, 2015 12:43 ET

St. Joseph Updates Letter of Intent With Zone USA, Inc.

MCKINNEY, TX--(Marketwired - Mar 12, 2015) - St. Joseph, Inc. (OTCQB: STJO) today announced that the Company has signed a Letter of Intent ("LOI") with Zone USA, Inc. ("Zone"), a U.S. telecommunications company. The LOI will provide the Company with the opportunity to acquire, via a reverse takeover ("RTO"), Zone's 50% ownership stake in ANZ Communications, LLC ("ANZ"), an operating telecommunications company with an extensive history of success in the rural U.S. telecommunications market. After completion of the RTO, the stakeholders of Zone USA, on a fully diluted basis, will hold a controlling position of the issued share capital of St. Joseph, Inc. The RTO is set to complete after the necessary equity financing has been secured by the Company.

Gerry McIlhargey, President and CEO of St. Joseph, stated, "Our planned RTO with Zone is a tremendous opportunity for St. Joseph's shareholders. The St. Joseph management team, in collaboration with Zone's principals, are working together to make the RTO possible. St. Joseph's management anticipates having a special shareholders meeting and selection of a broker dealer for the equity financing in mid-2015."

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

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.

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