JPC Capital Partners, Inc. Shareholders Vote to Complete Stock Purchase Agreement and Share Exchange With Componus,
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ATLANTA, GA, Jul 31 (MARKET WIRE) --
JPC Capital Partners, Inc. (OTCBB: JPCI), based in Atlanta, Georgia,
announced today that its shareholders had voted to approve changes to
JPCI's certificate of incorporation and board of directors, both steps
necessary to complete the stock purchase and share exchange agreement
with Componus, a Nevada corporation ("Componus"). Chairman and CEO of
Componus, Inc., Eric Huang, states, "I am both pleased and excited about
the opportunities that will be created from our going public and trading
in the U.S. equity markets. I personally feel that this will add value to
our business model and create more opportunities for our future growth
potential. We look forward to expanding our capabilities as a direct link
in the global automotive marketplace."
The stock purchase and share exchange agreement provides for the
acquisition of Componus by JPC Capital Partners, Inc. with Componus
becoming a wholly owned subsidiary of JPCI. In connection with this
acquisition, JPCI's shareholders approved today a reverse split of
outstanding JPCI common shares on a 2 for 1 basis and an increase of the
number of authorized shares from 95 million to 250 million. JPCI expects
to complete the share exchange on Monday, August 4, 2008 and issue
89,000,000 shares of common stock in exchange for all capital shares of
Componus. As a result of this share exchange, Componus shareholders will
own approximately 87.25% of the total issued and outstanding common stock
of JPCI. JPCI CEO John Canouse stated: "We are very excited that our
shareholders have voted overwhelmingly to complete this transaction. We
believe this transaction to be an effective strategy to increase value by
allowing our shareholders an opportunity to participate in the economic
growth surge happening in the Asian markets. Componus is an established
company with significant assets and a tremendous revenue potential in the
multi-billion dollar metal forging and automotive supply industry. We see
this as a great opportunity for JPCI shareholders."
About Componus, Inc.
Componus, Inc. is a Nevada Corporation involved in the multi-billion
dollar industry of providing the automotive, trucking, transportation,
railway, and petroleum industries with raw, finished, and assembled
components.
About JPC Capital Partners, Inc.
JPC Capital Partners, Inc. has been a licensed broker-dealer since its
inception in 1999. It specializes in private placements and financings for
public and private companies, as well as certain corporate finance
functions, including business consulting and merger and acquisition
services. For additional information, visit JPC Capital Partner's website
at http://www.jpccapital.com or contact John Canouse at 770-521-1330.
Forward-Looking Statements
This report contains forward-looking statements (within the meaning of the
Private Securities Litigation Reform Act of 1995), other than historical
facts, which reflect the view of JPCI's management with respect to future
events. When used in this report, words such as "believe," "expect,"
"anticipate," "estimate," "intend," "deem," "see" and similar expressions,
as they relate to JPCI or Componus or their plans or operations, identify
forward-looking statements. Such forward-looking statements are based on
assumptions made by and information currently available to JPCI's
management. Although management believes that the expectations reflected
in such forward-looking statements are reasonable, it can give no
assurance that such expectations are reasonable, and it can give no
assurance that such expectations will prove to have been correct.
Important factors that could cause actual results to differ materially
from such expectations include, without limitation, the ability of
Componus to execute its business plan, currency and commodity
fluctuations, availability of raw materials, raw material cost increases,
and severe interest rate increases. JPCI can provide no assurance that
such cost increases can be passed on to its customers through
implementation of price increases for JPCI's products. Furthermore, the
ability of current management to evaluate the risk and viability of
Componus's business plan is limited by current management's lack of
experience in Componus's industry. The forward-looking statements
contained herein reflect the current views of management with respect to
future events and are subject to those factors and other risks,
uncertainties and assumptions relating to the operations, results of
operations, cash flows and financial position of JPCI. JPCI assumes no
obligation to update the forward-looking statements or to update the
reasons actual results could differ from those contemplated by such
forward-looking statements.
Contact:
John Canouse
770-521-1330
Copyright 2008, Market Wire, All rights reserved.
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