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Deerbrook Publishing Receives Notification that Titan Capital Partners Will Increase Equity Position
Fund Notifies Deerbrook Publishing Position Will Increase Up To 500,000 Shares or 7% of Issued Shares
PHOENIX, July 2 /PRNewswire/ -- Deerbrook Publishing Group (OTC: Bulletin Board: DBPG) has announced that it received notification that Titan Capital Partners will increase its current equity position in Deerbrook Publishing Group from 1.1 million shares to 1.6 million shares. Titan Capital Partners current equity position exceeds 10% of Deerbrook Publishing Group. Titan Capital Partners notified Deerbrook's CEO, Keith Chesser it began buying stock in the open market on July 1, 1999.
Deerbrook Publishing, Inc. was incorporated in Colorado in March of 1997. The company's three subsidiaries are Signature Edition, Inc., an art publishing division, Cimarron Studio, Inc., a printing division, and Deerbrook Online / Artup.com, the art auction and retail division formerly known as Enterarts/Interarts, Inc.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company.
Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities.
The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy cannot be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions.
For further information, contact Investor Relations, and 602-437-8888, Fax 602-437-2845 or email ir@artup.com.
Deerbrook Publishing and artup.com are trademarks of Deerbrook Publishing, Inc. All rights reserved. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies.
SOURCE: Deerbrook Publishing Group
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