CyberAds Signs Letters of Intent to Acquire Two Multi-Million Dollar Companies.TORRANCE, Calif. -- CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD), is pleased to announce they have signed Letters of Intent to acquire two multi-million dollar companies. Both companies are currently generating positive cash flow with revenues anticipated to exceed $20 million annually. Our latest and nearly complete acquisition is in the media marketing industry. This company provides Sales and Marketing of consumer products and services. They attract their clients through media advertising via television and host a bi-lingual call center in South Florida with over 100 seats. At full capacity, this call center is capable of handling over 5,000 in bound calls per hour. Additionally, the company has created strategic relationships with 3rd party call centers to handle the overflow and direct marketing of products. They have also created a joint marketing agreement in early 2004 to market CyberAds Cellular phones to the Hispanic market. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Walt Tatum stated "As we set about developing CyberAds late last year we knew the key to our success would be identifying acquisition targets that were synergistic with our Internet Marketing See Internet advertising. division. What we needed was a management team that is experienced and skilled in their specific industry segment. With our anticipated latest acquisition, both of our companies will blend our services to provide a powerful and proven method of driving traffic for sales. We will combine the Internet for those who desire to self-serve and an In Bound call center for those who choose the telephone. We look forward to completing this acquisition in November of 2004." The second announcement is an execution of LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items with a data management company located in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . This company provides managed hosting, collocation collocation - co-location services, network connectivity, managed security, storage and backup, and managed application services See ASP and Web services. for businesses that rely on the Internet for daily operation. In regards to this additional and highly anticipated acquisition, Mr. Tatum stated, "When we examined our growth objectives it was clear we needed a Network Services partner. What we found was an opportunity to acquire this company and it's assets at an attractive multiple. This business is poised for growth, and has the infrastructure required to become a $100 million a year company on it's own. It merely needs Sales and Marketing direction, and a management team focused on delivering. We project closing this transaction before year end 2004." About CyberAds, Inc. CyberAds is a diversified holding company that specializes in land & real estate development and new consumer products & services. The company currently offers or plans to offer products and services in such diverse areas as luxury country club development, gated community gat·ed community n. A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests. development, golf course development, telecommunications, cutting-edge financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and Internet marketing. For additional information about CyberAds, Inc., please visit the company Website at www.CyberAdsInc.com Safe Harbor 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. Statement under 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: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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