Tuesday December 21, 2:12 pm Eastern Time
Company Press Release
SOURCE: Juniper Group, Inc.
Juniper Group, Inc. Signs a Letter of Intent To Acquire Eyeblast, Inc.
GREAT NECK, N.Y., Dec. 21 /PRNewswire/ -- Juniper Group, Inc. (Nasdaq: JUNI
<http://finance.yahoo.com/q?s=juni&d=t> - news <http://biz.yahoo.com/n/j/juni.
html>; "Juniper'') announced today that it has entered into a letter of intent
to acquire Eyeblast, Inc. ("Eyeblast''). Eyeblast, a recently formed company
has assembled a management team that they believe can implement the business
plan that will enable them to become a broadband internet company that will
create various networks of entertainment content. Eyeblast intends to acquire
the rights, license, and create high quality media for full screen, real time,
viewing over the web. The transaction is expected to close in early 2000.
Vlado P. Hreljanovic, chairman and CEO of Juniper Group, commented, "We
believe that this acquisition brings our entertainment division to the cutting
edge of entertainment technology for the twenty-first century.''
Juniper Group, Inc. operates in the healthcare management area through two
subsidiaries of Juniper Medical Systems, Inc., which offers medical revenue
enhancement to hospitals and cost containment to managed care health groups,
insurance companies, and other medical entities. Juniper Group also operates
in the entertainment area through its subsidiary, Juniper Entertainment, Inc.,
which distributes feature films to various media, including television and
cable.
Any forward-looking statements contained in this press release are based upon
assumptions believed by the Company to be reasonable and attainable, but they
are subject to important factors relating to the Company's operations and
business environment, including the uncertainty of the discussions described
above culminating in the acquisition of any interest in EyeBlast, Inc as
detailed in the Company's Securities and Exchange Commission filings, which
may cause the actual results of the Company to be materially different from
any future results expressed or implied by such forward-looking statements.
SOURCE: Juniper Group, Inc.
More Quotes and News: Juniper Group Inc (NasdaqSC:JUNI http://finance.yahoo.
com/q?s=juni&d=t - news http://biz.yahoo.com/n/j/juni.html)
991222.03
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