WELU- STOCK WAS ONE DOLLAR THE OTHER DAY
BEFORE COMPANY ANNOUNCED THEY WOULD BUY BACK SHARES..
THIS ONE HAS POTENTIAL
(COMTEX) B: WELU PROPOSES LAUNCH OF $120 MILLION CASH OFFER FOR STOCK
B: WELU PROPOSES LAUNCH OF $120 MILLION CASH OFFER FOR STOCK BUY-BACK THE BOARD
OF DIRECTORS OF WELLNESS UNIVERSE CORPORATION PROPOSES TO LAUNCH a Cash Offer
for the Issued and Outstanding Shares of WELU for up to $120 Million The
Proposed Cash Offer Launch Could Begin as Early as 3rd Week of January 2000
NEW YORK, Dec 30, 1999 /PRNewswire via COMTEX/ -- New York based
Wellness Universe Corporation (OTC Bulletin Board: WELU) will move to a
new level today with a proposed launch of a buy-out offer of its issued
and outstanding stock for up to $120 Million.
WELU could be directed to begin accumulating it's stock in the open
market, within the guidelines of the SEC and the NASD, make offers for
large blocks of privately held WELU stock and use other means of
acquisition of shares with full disclosure.
George Charles Pappas, Chairman and CEO of WELU says " this press
release shall not constitute the solicitation of an offer to buy, nor
there shall be any acquisition or sale of these securities in any state
in which such offer, solicitation or buy would be unlawful prior to
qualification of the securities laws of any such state.
Mr. Pappas further says, "that the statements contained in this press
release may contain "forward-looking statements". Actual events or
(COMTEX) B: WELU PROPOSES LAUNCH OF $120 MILLION CASH OFFER FOR STOCK
B: WELU PROPOSES LAUNCH OF $120 MILLION CASH OFFER FOR STOCK BUY-BACK THE BOARD
OF DIRECTORS OF WELLNESS UNIVERSE CORPORATION PROPOSES TO LAUNCH a Cash Offer
for the Issued and Outstanding Shares of WELU for up to $120 Million The
Proposed Cash Offer Launch Could Begin as Early as 3rd Week of January 2000
NEW YORK, Dec 30, 1999 /PRNewswire via COMTEX/ -- New York based
Wellness Universe Corporation (OTC Bulletin Board: WELU) will move to a
new level today with a proposed launch of a buy-out offer of its issued
and outstanding stock for up to $120 Million.
WELU could be directed to begin accumulating it's stock in the open
market, within the guidelines of the SEC and the NASD, make offers for
large blocks of privately held WELU stock and use other means of
acquisition of shares with full disclosure.
George Charles Pappas, Chairman and CEO of WELU says " this press
release shall not constitute the solicitation of an offer to buy, nor
there shall be any acquisition or sale of these securities in any state
in which such offer, solicitation or buy would be unlawful prior to
qualification of the securities laws of any such state.
Mr. Pappas further says, "that the statements contained in this press
release may contain "forward-looking statements". Actual events or
results may differ materially as a result of risks facing WELU or
actual results differing from the assumptions underlying such
statements. Such risks and assumptions include, but are not limited to
risks in competition and market acceptance of our services and
products."
Mr. Pappas continues to say, "Although we remain very bullish about the
great potential in WELU, The Synpan Group of Companies
(http://www.synpan.com), our ability to implement our proposed Synpan
public offering of $1 Billion, maintain our strategic relationships,
ability to increase sales and market awareness will be key factors to
consider, as we implement the proposed launch buy-back of the WELU
stock."
THE BEST OF 2000
George Charles Pappas, Chairman and CEO, The Board of Directors and The
Executive Management, and on behalf of The Synpan Group of Companies,
which includes: Synpan Corporation, SynpanCard.com, Corp, Wellness
Universe Corporation, Wellness News Network, Inc., Well-net, Inc.,
el-net Inc., Harmonic Ranch, www.Synpan.com, ThankYouGOD.com and the
book 'Synpan - Inside the Wellness Universe - A Poetic Guide by George
Charles Pappas, wish you a very Happy and Joyous New Millennium Year
2000.
SOURCE Wellness Universe Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: George Charles Pappas, Chairman & CEO of Wellness Universe
Corporation, 212-744-0091, pappas@synpan.com
WEB PAGE: : synpan.com
GEOGRAPHY: New York
INDUSTRY CODE: MLM
HEA
SUBJECT CODE: OTC
|
