MMA Media Inc. Announces a Share Exchange Agreement with Poise Profit
International, Ltd.
SHANGHAI, China, Jan. 29 /PRNewswire-FirstCall/ -- MMA Media Inc.
(OTC Bulletin Board: MMAI) (the "Company") is pleased to announce that it has
entered into a share exchange agreement with Poise Profit International, Ltd.
("Poise Profit"). Pursuant to the terms of the share exchange agreement, the
Company has acquired all of the issued and outstanding shares of Poise
Profit's common stock in exchange for the issuance of up to 70% of the
outstanding shares of our common stock following the transaction. As a result
of the share exchange, Poise Profit will become a wholly-owned subsidiary of
the Company, a majority of our board of directors will be elected by Poise
Profit's shareholders and our executive officers will be appointed by its
shareholders. The closing of the transaction is subject to certain closing
conditions, including the Company closing a financing for at least $8.5
million. The share exchange is expected to close before the end of the first
quarter 2008.
Poise Profit's China subsidiary is an international leader in designing,
fabricating, implementing and servicing energy recovery systems. Poise
Profit's technology captures industrial waste energy to produce low cost
electrical power, enabling industrial manufacturers to reduce their energy
costs, shrink their emissions footprint, and generate sellable emissions
credits.
This transaction takes place during an expansive phase for Poise Profit as
it is preparing to expand its capacity to support the heavily increasing
demand for its products and services.
About Poise Profit International, Ltd.
Poise Profit International, Ltd. ("Poise Profit") is principally engaged
in designing, marketing, licensing, fabricating, implementing and servicing
energy recovery systems. Its technology captures industrial waste energy to
produce low cost electrical power, enabling industrial facilities to
dramatically reduce their energy costs and shrink their emissions footprint.
Poise Profit has successfully installed over one hundred energy recovery
systems and has deployed its systems throughout China and in a variety of
international markets including Egypt, Turkey, Korea, Vietnam and Malaysia.
Poise Profit also intends to expand its marketing campaign to customers in
North America and Europe. It employs 300 people, and over half are accredited
engineers.
Notice Regarding Forward-Looking Statements
This release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange Act of 1934,
as amended. Statements in this press release which aren't purely historical
are forward-looking statements and include any statements regarding beliefs,
plans, expectations or intentions regarding the future. Since the
forward-looking statements relate to future developments, results or events,
these statements are highly speculative and involve risks, uncertainties and
assumptions that are difficult to assess. You shouldn't construe any of these
statements as a definitive or invariable expression of what will actually
occur or result. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These forward-looking
statements are made as of the date of this news release and the Company and
Poise Profit assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those projected in
the forward-looking statements, except as required by law. Although the
Company believes that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no assurance
those beliefs, plans, expectations, or intentions will prove to be accurate.
Investors should consider all of the information set forth herein and should
also refer to the risk factors disclosed in the Company's periodic reports
filed from time to time with the Securities and Exchange Commission and
available at http://www.sec.gov.
SOURCE MMA Media Inc.
MMA Media Inc., +1-310-402-5916, inquiries@mmamediainc.com
