Stakool, Inc. Provides a Corporate Update
JACKSONVILLE, Fla., March 27, 2013 /PRNewswire/ -- Stakool, Inc. (OTCQB: STKO) (OTCBB: STKO), a Florida-based corporation, a supplier of natural and organic and health and wellness products, would like to offer a follow up to their most recent press release.
Joseph Canouse as Chairman of another public corporation was tasked by the board of that same company, and with the full knowledge and support of finding a reporting company to merge the opportunity to bottle water under the licensing agreement with a company in Tiger, GA. A reporting company would give that Corporation greater access to capital to fund its operations, greater transparency, and exposure and access to a larger shareholder base. The other Corporation is currently a non-reporting public company with a DTC "chill" and other obstacles to becoming fully reporting. At no time were the other members of the board unaware of this and in fact were participants in ongoing discussions regarding the change of control in Stakool, with the advisors and former CEO of Stakool.
As a result of the press release in response to Stakool, the Corporation will not pursue this particular deal but have other opportunities they are actively pursuing. The Corporation is now free of all prior obligations to pursue other opportunities that don't have the legacy issues and pricing of that other company which we will detail in the coming weeks.
Furthermore, the Corporation in the coming weeks will be addressing the capital structure of Stakool as it relates to the conversion of the preferred shares as well as the retirement of the restricted common shares assigned to Mr. Canouse. Lastly, we anticipate announcing additional directors and officers to round out our management team.
About Stakool Inc.:
Jacksonville, Florida-based Stakool Inc., through its wholly-owned subsidiary, Anthus Life Corp., is committed to being a leading North American supplier of natural and organic and health and wellness products. Anthus Life brings to market complimentary products that are most suited to the consumer. Proudly, one of its product lines is complimented by an endorsement agreement with seven-time Olympic medalist Shannon Miller.
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Stakool, Inc./Anthus Life Corp. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
South Street Media, Inc.
Melissa J. Diaz,
Phone: (917) 937-8968
SOURCE Stakool, Inc.