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M Power Entertainment Signs Letter of Intent to Acquire Tropical Printing

Tuesday, September 13, 2005

Press release from the issuing company

NEW YORK, Sept. 12 -- M Power Entertainment Inc. a developer of lifestyle initiatives to emerging global markets, today announced that it has signed a Letter of Intent to acquire 100% of Tropical Printing LLC, a privately-held commercial printing company located in Sarasota, Florida. The transaction was arranged by Stanton, Walker & Company, a New York-based consulting firm retained by the Company. Tropical Printing provides premium-printing services to businesses in the U.S. and Canada. Led by a management team that has over 40 years of experience in the printing industry, Tropical Printing employs state-of-the- art presses and retains trained professionals specializing in turnkey production. Tropical Printing serves a growing market that includes both regional and national magazines such as Sarasota's Scene magazine as well as internationally branded entertainment companies such as "The Stars of the Moscow State Circus." Steve Reuther, President of Tropical Printing, stated, "I and partner Sam Mauro are excited to be part of M Power Entertainment. Under their business model, Tropical Printing will be able to grow through expert business guidance and opportunities from within and outside the Company." Gary Kimmons, CEO of M Power Entertainment, said, "The acquisition of Tropical Printing offers the possibility for M Power to add new revenue streams to its existing mix of companies, as well as to gain access to new emerging markets and to obtain production capabilities that can further strengthen our infrastructure."

 

 

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