WorldSource Inc. Actively Pursuing Acquisitions
13 December 2006 - 12:30AM
PR Newswire (US)
Company Signs Letter of Intent With Contract Manufacturer PALM
DESERT, Calif., Dec. 12 /PRNewswire-FirstCall/ -- WorldSource, Inc.
(Pink Sheets: WDSC) today announced that it has signed a Letter of
Intent to acquire a contract manufacturing company, and its intent
to actively pursue acquisition targets. In conjunction with
WorldSource's Investment Banking Agreement with KMA Capital
Partners, Inc. (Pink Sheets: KMCP), KMA Capital has developed an
acquisition strategy for WorldSource and is assisting in all
facets. "The target of this acquisition is a well established
company that we have been in discussions with for some time. It is
a company with positive cash flow, well connected globally, and
with the right fit to serve as a core fit to take WorldSource to
the next level," stated Brian Jue, CEO of WorldSource. "With our
due diligence process complete, and KMA Capital's resources at
hand, we look to fast track this acquisition and get it done before
year's end." WorldSource is a developer and distributor of products
for the consumer marketplace. It has established an experienced
management team with considerable expertise in the development,
manufacturing, marketing and distribution of consumer products.
Management is actively seeking opportunities to develop product
lines and distribute products. For more information, please visit
http://www.worldsource.us/ . KMA Capital Partners, Inc. is a
merchant banking firm that engages in investment banking, financial
consulting, negotiations of mergers and acquisitions, portfolio
management, turnaround services, "business development" company
services, and commercial ventures focusing on mid-cap private and
public companies. Utilizing its Capital Protection Program, KMA
Capital has created a win-win environment for companies and
investors. KMA Capital has nine field offices throughout the United
States, with consideration for expansion including the Northeast,
West, and Southwest areas of the US. For more information, please
visit http://www.kmacapital.com/ . Contact: WorldSource (877)
777-WDSC WorldSource Investor Relations InvestSource (949) 200-7669
KMA Capital Partners, Inc. Jack Craig, Investor Relations
407-370-4300 Note: Certain statements in this news release may
contain "forward-looking" information within the meaning of rule
175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Act of 1934 and are subject to the safe harbor created
by those rules. All statements, other than statements of fact,
included in this release, may include forward-looking statements
that involve risks and uncertainties. There can be no assurance
that such statements will be accurate and actual results and future
events could differ materially from those anticipated in such
statements. DATASOURCE: WorldSource, Inc. CONTACT: WorldSource,
+1-877-777-WDSC, , or WorldSource Investor Relations, InvestSource,
+1-949-200-7669, ; or Jack Craig, Investor Relations of KMA Capital
Partners, Inc., +1-407-370-4300, Web site:
http://www.kmacapital.com/ Web site: http://www.worldsource.us/
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