TULSA, Okla., Feb. 20, 2007 (PRIME NEWSWIRE) -- St. Joseph, Inc. (OTCBB:STJO) announced today that it has signed letters of intent to acquire two profitable privately held corporations in the financial services sector. St. Joseph's management has completed preliminary due diligence and audits are being prepared.
Gerry McIlhargey, President, declined to identify the two corporations by name, until the acquisition has been completed. However, McIlhargey did state, "The acquisitions will substantially increase St. Joseph's gross and net revenue. The acquisitions will also expand the services provided by St. Joseph." McIlhargey continued, "The acquisitions are structured to increase shareholder value and set the stage for future acquisitions."
About St. Joseph, Inc.
St. Joseph is a holding company owning subsidiaries engaged in the staffing industry. To receive dissemination of St. Joseph news, register your email address with the company at sji@stjosephinc.com. More information about St. Joseph, Inc. is available at www.stjosephinc.com.
This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.