CORRECTION - SPWP Approves 60 Million Share Repurchase Plan
CLEARWATER, FL, Nov. 09, 2004 (MARKET WIRE via COMTEX) -- In the news release,
"SPWP Approves 60 Million Share Repurchase Plan," issued yesterday, Nov. 8,
2004, by Superwipes, Inc., we are advised by the company that the first
paragraph should read "Superwipes, Inc. (OTC: SPWP) announces the approval of a
plan to purchase, from time to time in the open market, up to 60 million shares
of the company's common stock over the next 6 months" rather than "Summit
National Consolidation Group, Inc. announces the approval of a plan to purchase,
..." as originally issued by the company. Complete corrected text follows.
SPWP Approves 60 Million Share Repurchase Plan
CLEARWATER, FL -- 11/09/2004 -- Superwipes, Inc. (OTC: SPWP) announces the
approval of a plan to purchase, from time to time in the open market, up to 60
million shares of the company's common stock over the next 6 months.
"The intent of the share repurchase program is to vote our confidence in the
future of SPWP, to reduce the number of shares in circulation, and enhance
shareholder value by increasing the demand for shares on the open market," said
Mario Quenneville, President and CEO of SPWP.
SPWP plans to commence the repurchase of shares immediately and will continue
such repurchases from time to time in the open market at prices and times deemed
to be beneficial to the long-term interests of shareholders and the Company. The
amount and timing of the repurchases will depend on the price of the Company's
common stock and market and business conditions, including the amount and timing
of acquisitions. Any repurchased shares will be held as treasury stock and will
be available for general corporate purposes.
Superwipes, Inc. products can be found in leading food, drug, convenience and
beauty supply stores across North America and Europe such as ULTA, Sephora, and
Dillards, etc. Superwipes are formulated with organic materials that are safe
for the environment and perform with an efficacy equal to or exceeding the toxic
chemicals they replace.
Superwipes, Inc. conceives, designs and formulates unique cosmetic and
all-purpose products from organic materials with a variety of applications
including fingernail polish remover, make up remover, sneaker cleaner wipes,
instant shoe shine wipes, acne treatment wipes, eye glass, cleaner and defogger,
car interior leather cleaning pads, vitamin E applicators, etc. Superwipes'
products are sold in leading food, drug, convenience and beauty supply stores
throughout North America and Europe. More Superwipes' products are in various
stages of development, and should be released throughout 2004. Please visit
superwipes.com
Contact:
Superwipes, Inc. / Taylor Capital Inc.
Stephen Taylor
(973) 351-3868
stephtayl9@aol.com superwipes.com
SOURCE: Superwipes, Inc.
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