Press Release Summary = Summus Works, Inc. (Pink Sheets:SMMW) announced it is funding the Company\'s share buy back program through a combination of cash and institutional lending.
Press Release Body = Summus Works, Inc. (Pink Sheets:SMMW) announced it is funding the Company\'s share buy back program through a combination of cash and institutional lending. The Company recently announced that it would buy back up to four billion shares of Company stock in an ongoing effort to increase shareholder value. The Company also stated it may present a tender offer to shareholders in conjunction with the buy back upon consideration of its updated \"SqueezeTrigger\" report from BuyIns.net while continuing to repurchase shares from the marketplace.
\"We believe that a buy back in current market conditions proves an advantageous opportunity for the Company in line with our commitment to our 5,800+ shareholders,\" said Summus Works President Dan Burgess.
Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Web Site = http://summusworks.com
Contact Details = Contact Information: Summus Works, Inc. Dan Burgess, 888-607-9495 summus@summusworks.com or Investor Relations: SmallCapVoice.com Stuart T. Smith, 512-267-2430 www.smallcapvoice.com Info@smallcapvoice.com
2012
