TelcoBlue, Inc. Acquires the Assets of World Sports Marketing
Friday June 29, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Jun 29, 2007 -- TelcoBlue, Inc. (Other OTC:TBLU.PK - News) is pleased to announce that the Company has acquired 100 percent of World Sports Marketing's assets. TelcoBlue, Inc. will be working in conjunction with World Sports Marketing producing photo packaging products for use in professional and amateur sports including teams as well as individual photos.
World Sports Marketing is a company that was created to promote and develop programs for professional, recreational, and amateur athletes as well as sports leagues. The company provides services such as organizing special events and has an e-commerce Web site under development for the merchandising of sports-related memorabilia. The company works with professional athletes who have played for the NFL, NBA, and MLB, as well as other major and minor league sports teams.
"This is a mutually beneficial plan for both companies and it provides a great symbiotic atmosphere for us to move forward. The expertise of both companies makes for a truly unique dynamic in the sports industry. This is a step in TelcoBlue, Inc.'s goal to acquire additional assets adding to shareholder value," stated Brandon Turek, a spokesman for TelcoBlue, Inc.
TelcoBlue, Inc. announced that the Company has posted its 2005 audited financials. The Company showed a net income of $246,382 for 2005, whereas in 2004, the Company lost over $1 Million. In addition, the Company was able to eliminate its outstanding debt of $536,264 in 2005 and is now debt free.
About TelcoBlue, Inc.:
TelcoBlue, Inc., a Nevada corporation, is a professional photo packaging operation, specializing in wedding albums, baby albums and photo mounts.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
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Source: TelcoBlue, Inc.
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