UniverCell And Pure Romance Cease Merger Talks
Tuesday February 13, 11:59 am ET
MIAMI BEACH, Fla., Feb. 13, 2007 (PRIME NEWSWIRE) -- UniverCell Holdings, Inc. (OTC BB:UVCL.OB - News) announced today that the company has ceased merger talks with Pure Romance.
Sean Y. Fulda, CEO of UniverCell, commented, ``We regret that the merger talks did not culminate in a successful reverse merger as we originally contemplated. Several issues arose over the past five months including the timing and costs of the merger, which caused the merger talks to cease between the two companies.''
UniverCell will continue to seek a merger candidate or attempt to raise capital to fund new subsidiaries and operating companies. The advantage of raising capital and funding new subsidiaries and operating companies is that there will be less shareholder dilution than a reverse merger would affect. The company has several businesses and industries that it is currently exploring.
Es genügt nicht, keine Gedanken zu haben, man muss auch unfähig sein, sie auszudrücken.