2KSounds Completes Private Placement and Anticipates Closing of Merger With Wireless Synergies.Business Editors/Entertainment Writers HOUSTON--(BUSINESS WIRE)--March 25, 2002 Wireless Synergies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WLSY), announced here today that its proposed merger partner 2KSounds, Inc. completed a $5.0 million private financing. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. representatives of 2KSounds, an unaffiliated private investor has invested $3,000,000 in 2KSounds through the purchase of shares of unregistered common stock and purchased an additional $2,000,000 of restricted 2KSounds stock from certain of its principal officers and stockholders. 2KSounds, which has already received written approval for the merger from a majority of its stockholders, will consummate the previously announced merger with Wireless Synergies shortly. Upon completion of the merger, the name of Wireless will be changed to 2KSounds Corporation, and the public company intends to complete a 20-for-1 forward split of its outstanding common stock. An integrated music company located in Woodland Hills, California, 2KSounds locates and promotes new musical talent, and produces and distributes their music through a variety of methods, including joint ventures with major labels, sub-labeling and partnerships on albums by existing artists. Most significant, 2KSounds has entered into a direct distribution agreement with EMD EMD Electromechanical dissociation, see there , a division of EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. , one of the five major world-wide music companies, under which EMD will distribute all of 2KSounds music offerings. About Wireless Synergies, Inc. Wireless Synergies, Inc. is a development stage company with no active business and has been devoting its efforts and activities in investigating potential business combinations. Its head office is located in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion