MINNEAPOLIS, Sept. 25 /PRNewswire-FirstCall/ -- CJPG, Inc. (Pink Sheets: CSJP), formerly Casino Journal Publishing Group, Inc., today announced the signing of a merger agreement with Q2 Financial Holdings, Inc., a Minnesota corporation that will be the parent company of The Unbank Company. The Unbank Company and its affiliates operate 14 retail check cashing locations in the Twin Cities and surrounding suburbs. The agreement is designed as a reverse merger with Q2 Financial Holdings, Inc. to be the surviving corporation. Under the agreement, a wholly owned subsidiary of CJPG, Inc. will merge with and into Q2 Financial Holdings, Inc. As a result of the merger and in exchange for the cancellation of their shares, Q2 Financial shareholders will receive shares of CJPG, Inc. Prior to the closing of the merger, CJPG, Inc. will effectuate a reverse split, expected to be less than a 1 for 2, and change the name of the company to Q2 Financial, Inc. The completion of the merger is contingent, among other things, on the successful completion of a financing by Q2 Financial and majority shareholder approval. The board of directors of both companies have approved the transaction. Q2 Financial Holdings, Inc., upon completion of a reorganization, will be the parent company of four subsidiaries, including The Unbank Company, that operate the 14 retail check cashing locations under the Unbank name. Gary Dachis is the founder of Unbank Company and chairman and CEO of Q2 Financial Holdings, Inc. Dachis opened the first Unbank location in 1984 and has steadily expanded the number of stores and depth of services offered. Cash access services available at Unbank locations include cashing payroll checks, government and third party checks, as well as the sale of money orders, fund transfers and bill payment services. In January 2004, one of the Unbank entities began offering "deferred deposits services" also known as Payday loans at certain locations. Gary Dachis founded Game Financial Corp., a provider of cash access solutions to the gambling industry, in 1991. The company went public on Nasdaq under the symbol GFIN in April of 1994 with a market capitalization of $13 million and was acquired by NYSE conglomerate Viad Corp.'s Travelers Express unit in December of 1997 for $55 million. Game Financial Corp. was named #17 on Forbes list of fastest growing small companies in November 1996. Commenting on this agreement, Q2 Financial Holdings, Inc. Chief Executive Officer and Chairman, Gary Dachis said, "We are pleased to announce this agreement with CJPG. I see many opportunities to significantly expand our business and having the support of the strong shareholder base of CJPG will be invaluable as we move forward." CJPG, Inc. Chief Executive Officer, Alan Woinski, added, "As the largest shareholder of CJPG, Inc., I look forward to becoming one of the larger shareholders of Q2 Financial and participating in their exciting growth. I have known Gary Dachis for many years as a business associate and shareholder of Game Financial and have always been very impressed by his business sense and leadership abilities in both private and public companies. Our goal has always been to build shareholder value and I, along with the board of directors of CJPG, Inc., feel that this merger will be in the best interests of our shareholders as their equity interest becomes part of a much larger and faster growing company. I look forward to being part of Q2 Financial's growth as a shareholder." This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving CJPG, Inc. and Q2 Financial Holdings, Inc. including future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not in the nature of historical facts. Such forward-looking statements are based upon the current beliefs and expectations of the management of CJPG, Inc., and are subject to significant risks and uncertainties that could cause actual results to differ materially from those projected. These include the failure of the conditions to the merger, as set forth in the related merger agreement, to be met in a timely fashion (if at all), changes in market conditions, and changes in the competitive landscape in the industry in which Q2 Financial's subsidiaries will operate. Any information which is not historical in nature constitutes a forward-looking statement and speaks only as of the date of this press release. CJPG, Inc. undertakes no obligation to update investors of changes in forward-looking statements or the risks and uncertainties in relation thereto as more definitive information may become available. DATASOURCE: CJPG, Inc. CONTACT: Alan Woinski of CJPG, Inc., +1-201-599-8484

Copyright