NEW YORK, Sept. 25, 2009 (GLOBE NEWSWIRE) -- GoIP Global, Inc. (Pink Sheets:GOIG) (http://www.goipglobal.com) announces a company update to their previous news release. Further to the company news announcement of Sept. 17 where, among other things, GoIP Global, Inc. introduced three targeted foreign merger candidates, the company is pleased to announce the successful closing of the merger.
Again, two of these companies are based in China: Yezhifeng Innovation Media and Design, Inc. and Wuhan Modern Foreign Language and Culture Media Group, Inc. The third company is a Chinese-Canadian newspaper and media technology company 401bz, located in Toronto, Canada. EE Global, Inc. is the parent company of all of these three media companies.
Yezhifeng Innovation Media and Design Inc. specializes in media, fashion, window and interior designs. Its website is located at http://ezf.518d.net
Wuhan Modern Foreign Language and Culture Media Group, Inc. carries one of the most popular English educational publishing and translation brands in Mainland China, one of its main educational publishing portals at http://www.wmmenglish.com/ . English education in Mainland China is one of the key success factors to China's export-oriented economy, the third largest economy in the world.
The company will also add the following four directors and officers (five in total) to GoIP Global, Inc. as of October 1, 2009.
Ike H. Sutton, John Baird, Phillip Welsh, Parry Long, and the 5th are to be appointed by the China subsidiary. Mr. Ike H Sutton said, "My role with GOIG moving forward will be reduced and only focused on USA operations. GOIG is being structured as a real mid-size growth company with active board members, new company CEO for China to be announced shortly and the launch of our new corporate web site shortly. We are skipping the usual formalities of praising officers and directors of the merged company. We are serious about increasing shareholder value and are immediately getting down to business."
More updates will follow shortly, from U.S.A, Canada and China operating subsidiaries of GOIG.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.'s control. In addition to those discussed in GoIP Global, Inc.'s press releases, public filings, and statements by GoIP Global, Inc.'s management, including, but not limited to, GoIP Global, Inc.'s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.'s ability to raise additional capital to fund future operations, GoIP Global, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.