Global Services Partners (stock symbol: GSPA), which raised $34.1 million when it went public in June 2006, has announced that it has signed letters of intent with two unidentified companies, and that it expects to enter into a definitive merger agreement with one of the companies.
Global Services Partners Acquisition Corp. Announces Letters of Intent
Wednesday October 24, 11:27 am ET
FALLS CHURCH, Va., Oct. 24 /PRNewswire-FirstCall/ -- Global Services Partners Acquisition Corp. (OTC Bulletin Board: GSPA - News, GSPAB - News, GSPAU - News, GSPBU - News, GSPAZ - News, GSPAW - News) announced today that it has signed two letters of intent related to business combinations with separate target companies. The Company will seek to enter into a definitive agreement with one of the target companies. Pursuant to the Company's Certificate of Incorporation, execution of a letter of intent affords the Company a six-month extension for completion of either of these business combinations.
Global Services Partners Acquisition Corp.
Global Services Partners Acquisition Corp. is a blank check company that was formed for the specific purpose of consummating a business combination. It raised proceeds of approximately $34.7 million through its initial public offering consummated in April 2006 and since the offering has dedicated its efforts to seeking and evaluating business opportunities.
CONTACT:
Global Services Partners Acquisition Corp.
Rahul Prakash, Chairman/CEO
703.373.3157
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Source: Global Services Partners Acquisition Corp.
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