Published:
Summus Works, Inc. Announces Special Meeting of Board, Commitment to Shareholder Value
Summus Works, Inc. (PINKSHEETS: SMMW) announced
the Board of Directors will convene a special meeting to discuss the
proposed increase of the Company's VVV buy-back program beyond the
previously announced amount of up to $748,000.00 of the Company's
outstanding common stock at a price per share relative to Buyins.net's
calculated "SqueezeTrigger" price.
Management emphasized that the Board's initial decision to secure financing
for the VVV buy-back, secured personally by Company officers and members of
the Board, exhibits irrefutably its commitment to increasing shareholder
value and the elimination, "Once and for all, [of] the one sided quote and
sideways movement of the Company's stock."
Management cited its unwavering commitment to the VVV initiative to enhance
shareholder value and affect the increase in the price per share necessary
to facilitate pending and future mergers and acquisition.
"We will not rest until this challenge of sideways motion is met with force
significant enough to eradicate this opposition and deliver greatly
enhanced shareholder value for all to see," pledged Summus Works President
Dan Burgess.
Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with
interests in outdoor sports, retail, e-tail, print, web, television and
film. For more information on the company or its outdoor sports and media
subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties including, but not limited to, the
impact of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or human
resources, the effect of economic and business conditions, and the ability
to attract and retain skilled personnel. The Company is not obligated to
revise or update any forward-looking statements in order to reflect events
or circumstances that may arise after the date of this release.
Copyright © 2008, MarketWire
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