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Centale, Inc. Acquires NexxNow China, Inc. Via Share Exchange Agreement
Apr 02, 2008 (08:04 AM EDT)
BUFFALO, N.Y., April 2, 2008 /PRNewswire-FirstCall/ -- Centale, Inc. is pleased to announce that it has acquired NexxNow China, Inc. via a share exchange agreement.
NexxNow China, Inc.'s primary business initiative is to become a premier exporter of sports related media content to China. Initially NexxNow will focus on the delivery of US Minor League Basketball and Street Ball content/culture to China via television, broadband and mobile distribution. NexxNow China, Inc. will remain a wholly owned subsidiary of Centale, Inc. .
OTCBB: CTAL, the parent corporation, expects to announce a name change and the new Board of Directors in the coming weeks.
OTCBB: CTAL will operate as a diversified media company that focuses on media rights acquisition/ownership and distribution in addition to live event ownership/management and advertising/media sales.
In an effort to assure an orderly flow of information to the financial markets the company will announce all recent, present and future material information to include: media rights and inventory owned/acquired, corporate structure, new website, advisory board formation, key strategic alliances and merger/acquisition candidates.
Information on the company and a fact sheet can be found on http://www.nexxnow.com .
Forward Looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Robert Gartzman, Investor Relations
Phone (561) 447-7177
CONTACT: Robert Gartzman, Investor Relations, +1-561-447-7177, forCentale, Inc.
Web site: http://www.nexxnow.com/