DALLAS, Jan. 24, 2005 (PRIMEZONE) -- United Athletes Inc. (Pink Sheets:UATH) has signed a Memorandum of Understanding with S2C Global Systems, Inc. (S2C) of Vancouver, British Columbia to acquire 100% of S2C Global Systems capital stock, including all rights and interests to its proprietary vending distribution system.
Upon successful due diligence review, United Athletes will announce a definitive agreement detailing the terms and conditions of the merger acquisition.
About S2C
The primary assets of S2C Global Systems Inc. are its proprietary distribution system for 5-gallon bottled water including a retail vending system for pre-packaged bottled water. Upon completion of the proposed acquisition, the United Athletes will be the manufacturer and distributor of these systems worldwide.
For additional information on S2C Global Systems, Inc. please visit the web site www.s2cglobal.com
Signed:
Darren Hayes Director
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