Surrey Inc. Finalizes Acquisition and Plan of Merger with Payless Communication Holdings, Inc.
LEANDER, Texas, Mar 28, 2005 (BUSINESS WIRE) -- Surrey, Inc. (OTC:SOAP) today announced that it has finalized the acquisition and plan of merger with Payless Communication Holdings, Inc. and is in the process to changing the company name, stock symbol, and corporate domicile.
The change of the Company's name will not affect, in any way, the validity of currently outstanding stock certificates, nor will it be necessary for the Company's stockholders to surrender or exchange any stock certificates that they currently hold as a result of the name change.
"The name change represents a natural evolution of our corporate identity. The new corporate name will better reflect the company's direction and objectives, presenting a comprehensive identity to the business and investment community. We believe we are now well positioned to accelerate restructuring into a holding company with a diversified investment portfolio," commented Ricardo J. Canal, Chairman of Payless Communication Holdings, Inc.
Payless Telephone Co. Inc. offers consumers -- both residential and business -- an economical alternative with savings of up to 40% over Bell South and Verizon's market rates. The company will additionally offer DSL, Dial Up Internet, 1(+) long distance and IP Telephony.
Within the residential and business environment, our plan calls for marketing to a niche Ethnic market that has family and friends overseas and that we can sell basic telephony services to throughout the Entire United States. By having this consumer ethnic client base with acquisition power in the USA and with family around the world, Payless plans to funnel value added services such as VoIP Telephony and financial services.
SOURCE: Payless Communication Holdings, Inc.
CONTACT: Networth Acquisitions, Inc., Hallandale Beach, Fla.
Ronald Ratner, 954-802-6189
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