CEO America, Inc. Announces Acquisition of Canadian Licensee of CREDITZ Digital Currency
CEO America, Inc. (OTC: CEOA.PK), exclusive US licensee of CREDITZ® Digital Currency, today announced that it has agreed to acquire the Canadian license and operations and assets of CEO Credit, Inc. (CEOX.PK).
Las Vegas, Nevada (PRWEB) February 26, 2008 -- CEO America, Inc. (OTC: CEOA.PK), exclusive US licensee of CREDITZ® Digital Currency, today announced that it has agreed to acquire the Canadian license and operations and assets of CEO Credit, Inc. (CEOX.PK).
CEOA will then create a new wholly-owned Canadian subsidiary, intended to be called CEO Canada, Inc. to manage the Canadian license and operations of CREDITZ.
Shareholders of record of CEOX at the close of business on February 25, 2008, will acquire one share of CEO America, Inc, for every share they have in CEOX. In addition, CEOX shareholders will retain their shares in CEOX, following whereby CEOX will search for a new acquisition candidate.
As part of the acquisition, CEOX will immediately change its name and trading symbol.
David Vaters, Chairman of CEOA, stated, “We believe this consolidation of operations and marketing efforts into one corporate entity will enhance our offering, streamline our activities and reduce our costs to service clients in North America.”
About CEO America, Inc.
CEO America Inc. (OTC: CEOA.PK) has the exclusive USA license of the CREDITZ® Digital Currency System. Using IBM's latest database and infrastructure technology, CREDITZ is a unique global payment, marketing and loyalty system that is universal, replaces cash, and provides spendable CREDITZ Digital Currency to consumers. CREDITZ are paid to customers for behavior, and merchants can earn incremental revenue from that behavior. CREDITZ is the first payment system to integrate 21st century technology for micro-payments, loyalty, marketing and business intelligence into a single operating platform, making it the transaction and marketing engine for the digital economy.
For more information, go to www.creditz.com.
Forward-looking statement disclaimer. This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, particularly statements words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. Our business is subject to numerous risks and uncertainties including our ability to raise sufficient capital to finance our operations. Other factors and risks could adversely affect our business in the future and could also cause actual results to differ materially from those contained in the forward-looking statements.
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