Eline Entertainment Group, Inc.'s (EEGI) Subsidiary Completes Merger
05 Noviembre 2010 - 2:01PM
Marketwired
Eline Entertainment Group, Inc. (PINK SHEETS: EEGI)
(www.elineentertainment.com) and the company's subsidiary Let The
Good Times Roll has successfully merged with Midnight Express. This
is a second expansion merger for the company.
LTGTR's subsidiary Midnight Express is a Florida based luxury
transportation company specializing in tours of the Tampa Bay area.
Midnight Express was previously geared towards tours in the party
bus atmosphere, which makes for a great synergistic merger with
LTGTR as the company expands both its business model and
territory.
This acquisition has the potential to add significant increases
in annual revenue to the company, but the real value in this merger
lies in the select agreements and joint ventures with local
businesses.
"The acquisition of Midnight Express helps us immensely in our
pursuit of shuttle services. We expect to announce a major business
strategic agreement in the Tampa Area in the upcoming few weeks
thanks to this acquisition." - Debra Davis President of LTGTR.
LTGTR employs an organic expansion and acquisition strategy to
increase revenue streams and expand into the market immediately.
Besides organic expansion, the company continues to seek mergers,
acquisitions, and participation in various joint ventures. The
company seeks to achieve aggressive business growth with several
mergers in the near future.
This is EEGI's third merger announcement in the last several
days, and a second merger for the LTGTR. EEGI management is excited
by the speed with which the LTGTR moves, and intends to keep
shareholders updated with further details on the progression of any
upcoming mergers and already completed mergers via filings posted
on www.OTCMarkets.com.
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Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Eline
Entertainment Group, Inc. that constitute forward-looking
statements for purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995. The words or
phrases "can be," "expects," "may affect," "believed," "estimate,"
"project," and similar words and phrases are intended to identify
such forward-looking statements. Eline Entertainment Group, Inc.
cautions you that any forward-looking information provided by or on
behalf of Eline Entertainment Group, Inc. is not a guarantee of
future performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Eline Entertainment Group, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Eline Entertainment Group, Inc.'s
control. In addition to those discussed in Eline Entertainment
Group, Inc.'s press releases, public filings, and statements by
Eline Entertainment Group, Inc.'s management, including, but not
limited to, Eline Entertainment Group, Inc.'s estimate of the
sufficiency of its existing capital resources, Eline Entertainment
Group, Inc.'s ability to raise additional capital to fund future
operations, Eline Entertainment Group, Inc.'s ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities and, in identifying contracts which match
Eline Entertainment Group, Inc.'s capability to be awarded
contracts. All such forward-looking statements are current only as
of the date on which such statements were made. Eline Entertainment
Group, Inc. does not undertake any obligation to publicly update
any forward-looking statement to reflect events or circumstances
after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
Contacts: Investor Relations 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department Inquiry
www.minamargroup.net (IR) For (M&A) and Corporate Matters
www.minamargroup.com Eline Entertainment Group, Inc.
corporate@elineentertainment.com
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