HERMOSA BEACH, California, April 22, 2016 /PRNewswire/ --
SharkReach, Inc. (OTC Markets: SHRK) today confirms that it has been unable to consummate its previously-planned acquisition of The Mobile Media Lab LLC. SharkReach previously announced, on February 16, 2016, that it intended to acquire The Mobile Media Lab. SharkReach confirms that it will not continue to attempt to consummate an acquisition of The Mobile Media Lab.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to SharkReach, Inc. or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about SharkReach's business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in SharkReach's filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to (i) SharkReach's ability to consummate its plan of business, (ii) product demand, market and customer acceptance of SharkReach's products, (iii) SharkReach's ability to obtain financing to expand its operations, (iv) SharkReach's ability to attract qualified sales representatives, (v) competition, pricing and development difficulties, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the SharkReach does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on SharkReach's website does not constitute a part of this release.
SOURCE SharkReach Inc