Published:
Only You Clarifies Share Exchange; Number of Authorized Shares
Only You, Inc., (OTC: ONYY) announced today the
terms of its share exchange with the holders of SPWP (OTC: SPWP) and SMNC
common stock. Under the terms of the exchange, each share of stock in SPWP
and SMNC will be priced at $0.02 per share and exchanged for shares in ONYY
based on the average of the bid and ask price on February 24, 2006. For
example, if the average of the bid and ask price of ONYY common stock is
$0.50 on February 24, and a shareholder owns 100 shares of SPWP and/or
SMNC, the shareholder will receive 4 shares of ONYY common stock.
Shareholders are advised to visit the Only You website at www.onlyyou.cc to
obtain contact information for the Company's transfer agent to effect the
exchange of their stock. As this exchange is a voluntary program offered by
Only You, shareholders of SPWP and SMNC are also advised that the deadline
to surrender their shares for exchange is March 15, 2006 at 4:00 pm
Eastern, after which time the offer becomes null and void.
In addition, Only You has reduced the number of authorized shares of ONYY
common stock from 110,000,000 to 75,000,000.
"Recently, the Company announced it had entered into an agreement with ISM
International, Inc. (OTC: ISML) http://www.ismdecors.com to develop the
brand identity, retail packaging design and target marketing strategy for
Only You's My Girl(TM) line of organic and non-toxic cosmetics," said
Robert Senecal, CEO. The My Girl(TM) product line includes Organic nail
polish removers, lipsticks, body lotions and fragrances and specifically
targets teen and middle-class consumers, for whom expensive,
organic-ingredient cosmetics have been, until now, too expensive.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements
made by the Company, including the use of the words "expect," "anticipate,"
"estimate," "project," "forecast," "outlook," "target," "objective,"
"plan," "goal," "pursue," "on track," and similar expressions, are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934, as amended. These statements are based on current estimates and
projections about Only You, Inc.'s business, which are derived in part on
assumptions of its management, and are not guarantees of future
performance, as such performance is difficult to predict. Actual outcomes
and results may differ materially from what is expressed or forecasted in
forward-looking statements due to numerous factors. Such factors include,
but are not limited to, the Company's ability to execute effectively its
business plan and acquisition strategy, changes in market activity, the
development of new products and services, the enhancement of existing
products and services, competitive pressures (including price competition),
system failures, economic and political conditions, changes in consumer
behavior and the introduction of competing products having technological
and/or other advantages. These and other risks are described in the
Company's filings with the Securities and Exchange Commission, which should
be read in conjunction herewith for a further discussion of important
factors that could cause actual results to differ materially from those in
the
forward-looking statements. The Company assumes no obligation to update
information concerning its expectations.
Distributed by Market Wire
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Lifestyle and Leisure:Family, LifestyleandLeisure:Fashion, LifestyleandLeisure:PersonalCare/Fitness, LifestyleandLeisure:Women'sInterest, Retail:Apparel, Retail:ConsumerInterest, Retail:CosmeticsandAccessories, Retail:E-Commerce, ,INTHPINK,FL,DUNEDIN, FL
_ _Is your favorite bookmark site missing?
Ask for it.