CHICAGO, IL -- (Marketwire) -- 10/11/11 -- STL Marketing Group, Inc (PINKSHEETS: STLK) has been involved in discussions to potentially acquire an existing business. A LOI has not been signed yet and there are not any final agreements between any parties however the company wanted to update the public on some of the potential plans for the current company.
There have been ongoing discussions with more than one potential acquisition target. The company's main goals are to get involved with another entity that can help increase the company's revenues, profits and shareholder value while helping with auditing the company and up listing to a higher exchange.
The company has not issued any free trading shares in over a year and will not be issuing any additional free trading shares to anyone until after an audit is completed and the company is fully reporting. There are no guarantees the company will accomplish their objectives or that a deal will be reached but the company has no plans to reverse the stock at this time with any of the potential acquisition targets.
CEO of STL Marketing Group, Paul Sorkin, said, "We are sending out this press release to help keep our shareholders and the public informed about the current opportunities the company is working on. There are no guarantees any of these deals will close but our goal is to put the company in a better position in the short and long term. We are still working with United Fuel Savers and Go Green Hybrid but we believe the right acquisition can help improve the shareholder value and prepare for audits and an up listing without reversing the stock. We will continue to update the public of any progress with these discussions."
About STL Marketing Group
STL Marketing Group (PINKSHEETS: STLK) is a marketing and management company.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.