Penny Stocks News From The OTCBB
Jul 25, 2008 7:45:00 AM
LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 07/25/08 -- A correction from source is issued with respect to the PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), news release that was disseminated on July 24th, 2008. The statement inclusions of Laurie Adams as CEO and the recent acquisition of Delta Music Ltd are inaccurate, as Delta has not been acquired by PlayBOX and Robert Burden is the CEO of PlayBOX (US) Inc.
Please find below the amended press release as it should have read.
LONDON, UNITED KINGDOM--(Marketwire - July 24, 2008) PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), a global media entertainment distribution company, today announced its plans to acquire New Visions Mobile ("NVM"), a mobile music company that creates social networks for artists and music brands across mobile networks.
The two companies have been in negotiations since March 2008, and have now agreed to sign a Letter of Intent to merge.
"NVM's demonstrated success and expertise at building an exciting international client base including music labels such as Universal and EMI, and is a perfect fit for PlayBOX," said PlayBOX CEO Robert Burden. "We are actively growing our mobile distribution channel and a merger with NVM would bring us to the forefront of this latest method of distributing media entertainment."