DENVER, Aug. 30, 2004 (PRIMEZONE) -- VitaCube Systems Holdings, Inc. (OTCBB:VCBE) announced today that it has signed a letter of intent to raise $8 to $10 million in a secondary public offering. The Company intends to sell units consisting of two shares of its common stock and two warrants, each to purchase one additional share of its common stock. The public offering is conditioned on market conditions and other requirements set forth in the letter of intent. The Company has not yet filed a registration statement with the Securities and Exchange Commission covering the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
Company Contact: VitaCube Systems Holdings, Inc.,
Denver, Colorado
Teresa Simoneau, Director of Public Relations
(303) 316-8577 x226
Investor Contact: VitaCube Systems Holdings, Inc.,
Denver, Colorado
Sanford D. Greenberg, Chief Executive Officer
(303) 316-8577 x224
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including prospects for VitaCube's distribution network. Actual results may differ from those discussed in such forward-looking statements.
Certain statements in this release regarding the company's agreements are in accordance with the guidelines established by the Federal Trade Commission for endorsements in advertising.
The VitaCube logo is available at http://media.primezone.com/prs/single/?pkgid=971