Paragon International Placements Limited Requests More Time from Global Satellite Broadcasting Corporation

Share Article

Paragon International Placements Limited announced today that it has requested its client Global Satellite Broadcasting Corporation (GSBC) to delay the listing in America by a few days. Chris Cangi a senior partner at Paragon said "We have asked GSBC to delay its launch simply to allow us to wrap up the details of several corporate acquisitions we have

We will have our first shareholders meeting on the 10th of February in Bangkok, Thailand and have VIPs flying in from every continent and this delay will not affect our plans. I understand the importance of the request. It is important that shareholders understand we only want the best for GSBC and its family of companies.

Paragon International Placements Limited announced today that it has requested its client Global Satellite Broadcasting Corporation (GSBC) to delay the listing in America by a few days.

Chris Cangi, a senior partner at Paragon said, "We have asked GSBC to delay its launch simply to allow us to wrap up the details of several corporate acquisitions we have negotiated for GSBC. The paperwork is being finalized and we want to have everything in place before the launch. We apologize to GSBC shareholders but we believe these acquisitions will have a dynamic effect on the listing as the market will clearly see how the company will roll out it business across the globe."

Ronald Flynn, founder of GSBC said, "We will have our first shareholders meeting on the 10th of February in Bangkok, Thailand and have VIPs flying in from every continent and this delay will not affect our plans. I understand the importance of the request. It is important that shareholders understand we only want the best for GSBC and its family of companies."

The deputy chairman of GSBC Michael Lee exclaimed, "We are not concerned about the short delay as we have worked very hard to bring GSBC to the public markets and we have full confidence in Paragon to close on these acquisitions."

Jerry Dubin, vice president of GSBC, then added, "I have worked diligently for 2 years to bring this matter to fruition and Paragon's work brings added value to our stock."

Flynn closed the meeting by saying, "I would like to thank everyone involved with our corporation and look forward to seeing our shareholders in Bangkok on February 10th , 2007."

###

Share article on social media or email:

View article via:

Pdf Print