Post by dcswingtown on Feb 4, 2005 13:05:05 GMT -5
ATLANTA, Feb 3, 2005 (BUSINESS WIRE) -- Sanswire Technologies, Inc. announced today that it has received confirmation from GlobeTel Communications Corp. (GTEL) that a registration statement has been filed with the SEC to register the shares associated with the Asset Purchase Agreement between the companies.
Per the Agreement, GlobeTel has issued 26 million shares of its common stock to Sanswire Technologies. The shares will be distributed to shareholders of Sanswire Technologies that are eligible to receive the special stock dividend once the registration statement has been declared effective by the SEC. The deadline to file the registration statement was extended by an agreement between the parties.
"We've been working very closely with the attorneys for GlobeTel and are very pleased that the registration statement has been filed," said Michael K. Molen, Chairman of Sanswire Technologies. "Once the registration has been declared effective by the SEC, we will distribute the shares to our shareholders. It's been a long process and our shareholders have been very patient. We look forward to the distribution."
Safe Harbor Statements
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: Sanswire Technologies, Inc.
Per the Agreement, GlobeTel has issued 26 million shares of its common stock to Sanswire Technologies. The shares will be distributed to shareholders of Sanswire Technologies that are eligible to receive the special stock dividend once the registration statement has been declared effective by the SEC. The deadline to file the registration statement was extended by an agreement between the parties.
"We've been working very closely with the attorneys for GlobeTel and are very pleased that the registration statement has been filed," said Michael K. Molen, Chairman of Sanswire Technologies. "Once the registration has been declared effective by the SEC, we will distribute the shares to our shareholders. It's been a long process and our shareholders have been very patient. We look forward to the distribution."
Safe Harbor Statements
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE: Sanswire Technologies, Inc.
