NEW YORK, Sept. 8 /PRNewswire-FirstCall/ - GoIP Global, Inc. http://www.goipglobal.com further to the company's press release of August 4, August 11, August 17 and August 28 2009 (http://www.pinksheets.com/pink/quote/quote.jsp?symbol=goig) the issuer today commenced the formulation of a Belize based Special Purpose Company (SPC) for the purpose of the vend in or the merger with a China based media entity (Mergco) with GOIG.
This transaction is a complex one given the fact that Mergco is a media company and based in China. Under Chinese law, a Special Purpose Corporation (SPC) is required to facilitate the merge, with any USA based issuer.
The SPC name has been selected as Goig SPC Inc.
The restricted shares of Goig will be issued to the SPC company on closing date. Both Goig management and China based Mergco met extensively over the past month and various documents were exchanged between both sides, with positive feedback from both representatives.
Goig is on the cusp of becoming a multinational media company with substantial revenues and operations with this targeted merger.
More details will follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provision's under the Private Securities Litigation Reform Act of 1995. The words or phrases can be, "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.'s control. In addition to those discussed in GoIP Global, Inc.'s press releases, public filings, and statements by GoIP Global, Inc.'s management, including, but not limited to, GoIP Global, Inc.'s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.'s ability to raise additional capital to fund future operations, GoIP Global, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT: GoIP Global, Inc., IR dept, (302) 357-9915, www.minamargroup.com/helpdesk
SOURCE GoIP Global, Inc.
