HANA, Hawaii, Dec. 18, 2007 (PRIME NEWSWIRE) -- Maui General Store, Inc., (OTCBB:MAUG) today announced that it is in receipt of business plans and financial statements from several prospective merger partners.
Richard Miller, Maui President/CEO commented: "We are excited by the quality of the proposals, financial statements and business plans received. All of the proposals offer substantial value to our shareholders. After months of due diligence and consideration of all presentations, we expect to disclose the identity of our merger partner in the very near future."
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The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.