M Power
Entertainment Retains OTC Financial Network for Comprehensive Investor
Relations Campaign
Monday, September 12, 2005 - New York, NY: M Power Entertainment, Inc.
(OTCBB: MPWE), ) a developer of lifestyle initiatives to emerging global markets, announced
today that it has signed a Letter of Intent to acquire 100% of Tropical Printing LLC, a privately-held commercial printing company located in Sarasota, Florida. The transaction was arranged by Stanton, Walker & Company, a New York-based consulting firm retained by the Company.
Tropical Printing provides premium-printing services to businesses in the U.S. and Canada. Led by a management team that has over 40 years of experience in the printing industry, Tropical Printing employs state-of-the-art presses and retains trained professionals specializing in turnkey production. Tropical Printing serves a growing market that includes both regional and national magazines such as Sarasotaęs Scene magazine as well as internationally branded entertainment companies such as "The Stars of the Moscow State
Circus.”
Steve Reuther, President of Tropical Printing, stated, –I and partner Sam Mauro are excited to be part of M Power Entertainment. Under their business model, Tropical Printing will be able to grow through expert business guidance and opportunities from within and outside the
Company.”
Gary Kimmons, CEO of M Power Entertainment said –The acquisition of Tropical Printing offers the possibility for M Power to add new revenue streams to its existing mix of companies, as well as to gain access to new emerging markets and to obtain production capabilities that can further strengthen our
infrastructure.”
About Tropical Printing
Tropical Printing is a full service commercial printer with a focus on the printing of publications. The company currently has contracts to print several monthly publications. The other large segment of business for the company is in the entertainment business through the printing and distribution of tickets and programs for live entertainment.
About M
Power Entertainment, Inc.
Based in New York, NY, MPWE is a next-generation media and entertainment
corporation providing a diversified portfolio of state-of-the-art entertainment
and media resources. MPWE maintains a strategy of acquiring profitable
ventures in related Entertainment and Lifestyle venues. For more information
on M Power Entertainment please visit its corporate Web site www.mpe.us.com.
Safe
Harbor
Statements in this news release that are not historical facts, including
statements about plans and expectations regarding products and opportunities,
demand and acceptance of new or existing products, capital resources
and future financial results are forward-looking. Forward-looking statements
involve risks and uncertainties which may cause the Company's actual
results in future periods to differ materially from those expressed.
These uncertainties and risks include changing consumer preferences,
lack of success of new products, loss of the Company's customers, competition
and other factors discussed from time to time in the Company's filings
with the Securities and Exchange Commission.
------------------------------------------------------------------------
Contact:
M Power Entertainment Inc.
Renee H. Ethridge, 713-966-9893
Other press releases...