BOCA RATON, Fla., Sept. 22, 2004 (PRIMEZONE) -- American Way Homed Based Business (Pink Sheets: AWHB), the company with its continuing focus on acquiring existing businesses and exploring opportunities in the work from home market, announced today announced that they are currently completing the filings to create a separate trading entity out of Rejuvenations by Robert Palumbo (RRP). Once the new public company is formed a 10 % dividend will be issued to AWHB shareholders of record. The date of record for this transaction will be September 30, 2004.
RRP is now a full service salon as well as a wellness center. RRP will be working with Lydia Sarfati, the founder of Repechage, a New York City and New Jersey based skincare company world-renowned for their Four Layer Facial. The salon has been open for 25 years providing a wealth of experience and revenues consistently in the millions. The Company now specializes in anti-aging products and non-abrasive facial enhancements. Robert Palumbo also has patents pending on many of his proprietary anti-aging formulas and creams. The construction on the Company's new 3,500 square foot salon has already begun and RRP hopes to be in their new location by the spring of 2005.
In commenting on these new developments AWHB's CEO, Mr. Don Platten said: "The growth and value of Rejuvenations by Robert Palumbo has far exceeded even our expectations. We are so pleased with the opportunity to take this excellent company public and offer our shareholders this dividend."
About American Way Home Based Businesses:
The Company focuses on acquiring existing businesses and exploring opportunities in the work from home market. The Company sees home-based businesses as a market ready for growth based on the recent statistics put out by the U.S. Department of Labor stating that 4.2 million Americans now work from home. For more on the Company visit http://www.smallcapvoice.com/awhb/index.html
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Many factors are beyond The Company's and its subsidiaries' control. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's existing and future filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.