St. Joseph, Inc. Announces Completion of Due Diligence of Domestic Telecom Interests
April 09 2013 - 7:30AM
Business Wire
St. Joseph, Inc. (OTCBB: STJO) is pleased to announce it has
completed an in-depth due diligence in connection with the
acquisition of interests in a domestic telecommunication company as
described in prior news announcements. The Company will now take
the next steps towards completing the RTO process. Those steps
include raising a minimum of $14 million dollars and the completion
and signing of a definitive agreement.
The domestic telecommunication company’s 2012 annual revenue is
in excess of $120 million with an EBITDA in excess of $7 million
and no bank debt.
About St. Joseph, Inc.
St. Joseph is a holding company owning a subsidiary engaged in
the staffing industry. To receive dissemination of St. Joseph
Company news, register your email address with the company at
mark@stjosephinc.com. More information about St. Joseph, Inc. is
available at www.stjosephinc.com.
St. Joseph’s shares are traded in the United States on the OTC
Bulletin Board (OTCBB: STJO).
This press release consists of forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Those statements include statements regarding the intent,
belief or current expectations of the Company and its management.
In particular, there is no assurance that the parties will reach a
definitive agreement for the proposed transaction or that the
transaction will be completed. Additionally, no assurance can be
provided that the terms of any transaction will be similar to those
contemplated by the Letter of Intent. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties, and actual results could differ materially from
those indicated by such forward looking statements. The Company
assumes no obligation to update the information contained in this
press release, whether as a result of new information, future
events, or otherwise.
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