St. Joseph, Inc. Announces Completion of Due Diligence of Domestic Telecom Interests
TULSA, Okla.--(BUSINESS WIRE)-- St. Joseph, Inc. (OTCBB: STJO) is pleased to announce it has completed an in-depth due diligence in connection with the acquisition of interests in a domestic telecommunication company as described in prior news announcements. The Company will now take the next steps towards completing the RTO process. Those steps include raising a minimum of $14 million dollars and the completion and signing of a definitive agreement.
The domestic telecommunication company's 2012 annual revenue is in excess of $120 million with an EBITDA in excess of $7 million and no bank debt.
About St. Joseph, Inc.
St. Joseph is a holding company owning a subsidiary engaged in the staffing industry. To receive dissemination of St. Joseph Company news, register your email address with the company at firstname.lastname@example.org. More information about St. Joseph, Inc. is available at www.stjosephinc.com.
St. Joseph's shares are traded in the United States on the OTC Bulletin Board (OTCBB: STJO).
This press release consists of 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. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. In particular, there is no assurance that the parties will reach a definitive agreement for the proposed transaction or that the transaction will be completed. Additionally, no assurance can be provided that the terms of any transaction will be similar to those contemplated by the Letter of Intent. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.
KEYWORDS: United States North America Oklahoma
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