KAMLOOPS, British Columbia, Sept. 27, 2004 (PRIMEZONE) -- Global Explorations Inc. (Pink Sheets:GXXL) would like to confirm the price which is being paid by Universal Beverages for the acquisition of stock in Global. That price is 1.25 cents.
Universal is also paying a non-refundable deposit of $50,000 for an option to acquire an additional 10% of the company at a price of 2.5 cents per share. The option is good for one year.
Michelle Yulanda, Vice-President of Business Development & Acquisitions at Universal, explains the reasons for which Universal is acquiring a substantial stake and paying a premium for shares in Global:
-- The database of cell phone numbers that Global has assembled
during the last few months is priceless. The ability to reach
more than 1,000,000 unique individuals at anytime is on par with
some television networks.
-- Universal is taking a strategic equity position in Global as the
company is positioned for exponential growth in earnings and
revenues within the next few months.
-- Universal believes that Global is following highly a successful
SMS business model which has been proven very successful
overseas. We want to make sure that we do not miss the boat
again.
-- Global's SMS messaging interface is by far the simplest and easy
to use compared to other SMS providers. This gives Global a
strategic advantage over its competitors.
-- Universal can utilize Global's current cell phone database to
market its products.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.