RIDGELAND, Miss., April 12, 2005 (PRIMEZONE) -- Knobias, Inc. (OTCBB:KNBS) today announced the cancellation of the Standby Equity Distribution Agreement dated November 15, 2004 with Cornell Capital Partners, LP. "Knobias sought the termination of the SEDA as a part of Knobias' efforts to obtain more favorable long term financing for its future needs," stated Key Ramsey, Knobias CEO. "Knobias appreciates the participation of Cornell in its previous financing," continued Mr. Ramsey.
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FORWARD LOOKING SAFE HARBOR STATEMENT
To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Knobias assumes no obligation to update any of the forward-looking statements in this release.