Univercell Holdings Cancels Merger Plans With Pure Romance
Feb 14, 2007 (financialwire.net via COMTEX) -- February 14, 2007 (FinancialWire) UniverCell Holdings, Inc. (OTCBB: UVCL) has ceased merger talks with Pure Romance.
Sean Y. Fulda, CEO of UniverCell, commented, "We regret that the merger talks did not culminate in a successful reverse merger as we originally contemplated. Several issues arose over the past five months including the timing and costs of the merger, which caused the merger talks to cease between the two companies."
UniverCell will continue to seek a merger candidate or attempt to raise capital to fund new subsidiaries and operating companies. The company has several businesses and industries that it is currently exploring.
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