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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (504)	10/16/2006 12:12:31 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Mercator Partners has closed on its two acquisitions. The securities have been very volatile for the last week. Mercator Partners Acquisition Corp. Completes Acquisitions Creating Global VNO Leader Monday October 16, 9:41 am ET RESTON, Va.--(BUSINESS WIRE)--Mercator Partners Acquisition Corp. (OTCBB:MPAQ - News, MPAQB - News; "Mercator Partners" or the "Company") today announced the acquisition of all the outstanding shares of Global Internetworking, Inc. and European Telecommunications & Technology Limited following approval by its stockholders. Mercator Partners will change its name today to Global Telecom & Technology, Inc. As a result of the acquisition of these companies, Mercator Partners' outstanding shares of Class B common stock have been automatically converted into shares of Mercator Partners' common stock. In accordance with the proxy, the Company was able to consummate the stock purchases by having stockholders of Global Internetworking and European Telecommunications & Technology and other parties due proceeds from the acquisitions agree to defer cash payments of over $6.2 million at the closing of the acquisitions. The Company has issued 6% promissory notes to the stockholders for their deferral. These notes become due on June 30, 2007. The Company will be contacting the OTC Bulletin Board to cease trading in its shares of Class B common stock under the MPAQB symbol. Until that occurs, shares trading under the symbols of MPAQ and MPAQB shall represent the same class of shares of common stock. The Company is in the process of completing its application to list its common stock, Class W and Class Z warrants on Nasdaq. Mercator Partners plans to supplement this press release through the filing of a Form 8-K by Friday, October 20, 2006. <snip> biz.yahoo.com