LOS ANGELES, March 11, 2008 (PRIME NEWSWIRE) -- UC Hub Group, Inc. (OTCBB:UCHB), a digital financial services provider, announced today that it has signed a letter of intent to merge with privately held Voter Communications Inc., known as VoteComm (www.VoteComm.com) and based in Chicago.
Consideration would consist solely of shares of UC Hub Group and result in a newly organized and renamed company in which VoteComm shareholders would own the majority of the shares. The deal is subject to a definitive purchase agreement, certain balance sheet requirements of both parties, and any approvals required by each company's board, shareholders and the SEC.
UC Hub Group CEO Larry Wilcox stated, "We are excited to be entering the political consulting industry which we believe offers our shareholders the opportunity to benefit from a marketplace that has historically shown strong growth even through recessionary times. The acquisition plans of VoteComm would create a platform for greatly increasing value for all shareholders. I look forward to offering our digital distribution tools while working together to realize this niche opportunity."
About UC Hub Group, Inc.
UC Hub Group Inc is presently focusing on its wholly owned subsidiary, eLuxe Financial. eLuxe Financial provides patented financial mobile solutions that enable individuals across the globe to buy, sell and trade anywhere, anytime. eLuxe's services include mobile banking, PDA applications, Web based solutions, Kiosks, VOIP, patented benefits, patented loyalty, and stored value and pre paid card solutions.
For more information, please visit http://www.uchub.net or www.eluxefinancial.com
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect, `anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.