VSTR- Valuesetters Inc
Outstanding Shares: 32,250,001
Float: 4,000,000
ValueSetters Considers Strategic Merger Offer
PHOENIX,
Apr 16, 2007 (BUSINESS WIRE) -- ValueSetters Inc. (OTC Pink Sheets: VSTR) is pleased to announce that management has been approached, and is seriously considering a merger with a privately held company, that management believes will add synergistic value to its business model. Management is in the first stage of negotiations, and a due diligence period must follow any definitive agreement, if one is ultimately executed.
Sean Lee, Chairman of ValueSetters, stated: "The Company is excited that a potential merger has surfaced. Our current business model is designed to increase shareholder value through revenue growth and possible acquisitions. We are delighted with this prospect and are assessing all our potential options."
There are no guarantees at this time that a transaction will occur, just that the company has been approached with a potential merger offer. Management will communicate and update the shareholders through press releases as appropriate. Currently, preliminary negotiations are in progress.
About ValueSetters
ValueSetters Inc. (
www.valuesetters.com) is a Wholesale Business Network whereby vendors and merchants come together to create a completely new distribution channel. ValueSetters' target market is Non-Store Retailers, Miscellaneous Store Retailers, and Convenience Stores that combined for annual sales of over $790 Billion in 2004(1). The company's mission is to help its member retailers succeed by providing products and support services that enable profitability.
August Newsletter
We still continue with our merger and as stated last month we are still on target to complete it in this month. I would like to share with you the fact that we believe that this merger has a very synergistic effect. The company we are merging with is a customer of ours in that we supply a large portion of their product. They are member based and thus bring to us a membership base that exceeds 7000 members. We know that many members are retailers both online and ?brick and mortar? stores. We assure you that this base of retailers will be of benefit to all our vendors and thus encourage all of you to pass on this opportunity to any supply base that you may know.
The new vendors added this month are Olympus Flags offering a full store of flags and flag poles. United weaver rugs have a great assortment of home decorator, novelty and designer rugs. Stack On is a great vendor for storage, safes and toolboxes. We also have added to our installed product a great line of installable fencing from Plastival.
As we go forward we will advise you the moment the merger is complete.
Sean Lee
CEO ValueSetters
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