Contact Information: CONTACT: Cinnabar Ventures, Inc. Rich Granville 239-561-3827
Cinnabar - Yippy Closing Date Extended to January 31, 2010
| Source: Cinnabar Ventures, Inc.
FORT MYERS, FL--(Marketwire - January 14, 2010) - Cinnabar Ventures, Inc., a Nevada
corporation ("Cinnabar" or the "Company"), remains in negotiations to
acquire Yippy, Inc., a Delaware corporation. The parties originally
intended to complete the acquisition no later than January 14, 2010, but
the parties have mutually agreed to extend their negotiations and
anticipate closing the transaction on or before January 31, 2010.
About Cinnabar Ventures, Inc.:
Cinnabar is a new economy technology company that develops technologies and
relationships for Web-OS systems in the Cloud computing space. Interactive
Media and online advertising are also a focus of Cinnabar. Cinnabar also
invests in other technologies such as device and systems management
platforms, as well as companies with high growth potentials in search,
social networking, e-com and wireless/data communications. Cinnabar
currently is in an acquisition mode to build the business model around like
and kind businesses with seamless vertical integrations into its long term
business plan. Cinnabar also licenses brands, domains and content for
distribution across our network platforms for wireless devices and
traditional content distribution channels.
Forward-Looking Statements
Pursuant to The Private Securities Litigation Reform Act of 1995: The
statements in this press release that relate to the Company's expectations
with regard to the future impact on the Company's results from new products
in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are
subject to risks and uncertainties. Words such as "expects," "intends,"
"plans," "may," "could," "should," "anticipates," "likely," "believes" and
words of similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses and
other information that are based on forecasts of future results, estimates
of amounts not yet determined and assumptions of management. Readers are
urged not to place undue reliance on the forward-looking statements, which
speak only as of the date of this release since they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. We assume
no obligation to publicly update or revise any forward-looking statements
in order to reflect any event or circumstance that may arise after the date
of this release, even if new information becomes available in the future.
Additional information on risks and other factors that may affect the
business and financial results of Cinnabar Ventures, Inc. can be found in
the filings of Cinnabar Ventures, Inc. with the U.S. Securities and
Exchange Commission.
For more information on the company visit: www.cinnabarcompany.com.