SOURCE: Stock Market Solutions, Inc.

June 20, 2005 09:03 ET

Stock Market Solutions, Inc. and Texas Prototypes, Inc. Announce Merger

NEW ORLEANS, LA -- (MARKET WIRE) -- June 20, 2005 -- On June 14, 2005, Stock Market Solutions, Inc. (OTC BB: SMKT) (the "Company"), and its wholly owned subsidiary entered into a definitive Agreement and Plan of Merger with Texas Prototypes, Inc. ("TXP").

Pending stockholder and shareholder approval, the Company will issue 94.7% of its issued and outstanding shares of common stock for all outstanding shares of TXP in a stock for stock transaction. As a result of the Merger Agreement, the transaction will be treated for accounting purposes as a reverse merger by the accounting acquirer (TXP). The existing security holders of the Company will hold the remaining 5.3% of the Company's shares of common stock at closing.

Following the closing of the Merger Agreement, the Company will merge with TXP, change its name to TXP Corporation and reincorporate in Delaware.

TXP's Chief Executive Officer, Michael C. Shores, will assume leadership of the Company. The Company will trade on the Over the Counter Bulletin Board (OTCBB) under a new ticker symbol to be determined.

The Merger Agreement also contemplates that, concurrent with the closing of the transaction, the Board of Directors of the Company shall resign and the vacancies created thereby shall be filled with the appointees of the current TXP shareholders and/or officers who shall fill such posts until the next annual election of directors and all current officers of the Company shall resign from their positions with the Company, with new officers to be appointed by the new Board members.

After closing, the Company's primary business model will focus on the pre-manufacturing services segment of the electronics industry supporting original equipment manufacturers, original design manufacturers, contract manufacturers and new technology innovators.

Richard Smitten, the president of SMKT, said today: "The Company believes TXP has tremendous potential and is well positioned in what can be called a new high-tech market sector. TXP has helped launch new products into the marketplace in the areas of consumer, medical, military, networking and telecommunications for their Fortune 500 and large multi-national clients. This new model saves these companies substantial amounts of money that they would normally spend in product development."

About TXP

TXP offers its customers supply-chain solutions and services that require the outsourcing of new product development including prototyping and quick-turn electronic assembly, new product introduction, pilot production, material and supply chain management as well as the transfer of their product programs into production. By working closely with its customers and being highly responsive to their requirements throughout the design processes, TXP believes that it can be an integral part of its customers' operations, accelerate their time-to-market and time-to-volume production and reduce their product costs.

For more information:
Michael C. Shores
About Stock Market Solutions

Stock Market Solutions is a company that assists professional mutual and hedge fund traders and managers, as well as individual investors, to more skillfully trade the stock market. The Company uses proprietary computer software systems based on the "Jesse Livermore methodology" to enable these traders and investors to more successfully trade the stock market.

For more information:
Investor Relations
(504) 561-1104
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including the company's ability to obtain future financing on favorable terms, changes in the software industry that compel the company to alter its present business strategy, the company's ability to attract management capable of implementing the company's existing or future business strategy and the risk factors set forth in the company's SB-2 registration statement. Results actually achieved may differ materially from expected results included in these statements as a result of these factors or others.

Contact Information

  • Contact:
    Stock Market Solutions, Inc.
    Richard Smitten
    (504) 561-1104