Eline Entertainment Group (EEGI) Completes Merger With Vu365
12 Novembre 2010 - 9:45PM
Marketwired
Eline Entertainment Group, Inc. (PINK SHEETS:
EEGI)(www.elineentertainment.com) has completed their merger with
Vu365 (www.vu365.com).
Vu365 has been looking to enter the US market for quite some
time, and this merger is the perfect opportunity. According to
sources, Vu365 offers revenues in the $2 million USD range, with
profits of $500,000 USD.
Vu365 is a popular China-based video game designing company.
Founded in 2005, the group designs online and casual video games
including strategic web games, cyber games and 3D large scale
competitive games and has several products in development.
EEGI is happy to have Vu365 on their team and feels that they
are a nice complement to their existing subsidiary, Let the Good
Times Roll.
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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: Eline Entertainment Group, Inc.:
corporate@elineentertainment.com 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
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