Indenture Investments Ltd.
Indenture Investments Ltd is pleased to announce it has entered into an agreement with Swan Group of Companies for 74.9% of James Denverson Corp.
Indenture Investments Ltd. / Agreement Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Indenture Investments Ltd is pleased to announce it has entered into an agreement with Swan Group of Companies for 74.9% of James Denverson Corp. The value of the transaction is 403,000,000 EUR. May 15th, 2009 - Toronto Ontario, Indenture Investments Ltd. (listed on the Frankfurt OTC Exchange, symbol: 3IV) has entered into an agreement to purchase 74.9% of the James Denverson Corp. from the Swan Group of Companies, subject to shareholder approval. Marvyn Budd, President of Indenture Investments Ltd., stated that 'this transaction is a tremendous addition to the Indenture portfolio of companies and it will enhance both our corporate direction and Indenture's world wide media presence'. An independent appraisal of the business and worldwide patent exploitation for smoke-less cigarettes held by James Denverson has resulted in a projected valuation of 1.3 billion Euros. 'We are very happy about the final solution and strategies which we worked on over the last eight weeks with a tremendous result for the future of our companies. Denverson has finally found a home within the media business since Marketing is the key point for our product' commented Fred Ballou from the SWAN Group. Through this acquisition, Indenture will have access to global distribution not only for the 'smoke free cigarette' products but for their SBN pre-paid payment cards as well. The majority shareholders and the current board of directors of Indenture Investment and Swan Group will vote to approve this transaction, appoint additional directors to the board of Indenture, and to effect the 12 for 1 reverse split of the companies stock. This will result in a 'post split' price per share of EUR 7.80 based on the current market price. About Indenture Investments Ltd Indenture Investments Ltd. www.indentureinvestmentsltd.com is a Canadian company with a primary focus on acquisitions of international companies with a solid revenue base and diverse product range. Indenture Investments Ltd. combines strategy, ideas, and execution with the culture of entrepreneurial spirit to develop new relationships with partners that compliment and help to drive revenue to the businesses they acquire while the experience of senior management in areas such as corporate structuring and financing will increase corporate visibility and allow the company to secure substantial institutional and private Investments in Europe and around the world. About SBN SPA SBN www. satbn.com (Satellite Broadcasting Network) Spa is an Italian Joint stock Company. Founded in December 2004 SBN offers 100 channels of commercial free themed music over the web (www.satbn.com) and currently serves over 100,000 subscribers in Italy and other European countries who each pay a monthly access fee. About SWAN Group of Companies, Inc This diversified holding company, located at Deerfield Beach, FL, USA, and Frankfurt am Main, Germany is a Venture Capital Organization investing in various projects. Recently SWAN. www.swan.group.us. has invested in the James Denverson, in addition to other products and services in the developmental stages. These target acquisitions include an internet site for Investor Relations, Public Relations and Event and Entertainment Management. The Swan offerings include one of the largest Internet data bases for general marketing to a global customer base. About James Denverson Corp The Company holds various patent applications pertaining to smokeless cigarette technology. Since 2006, the Company has mobilized all its efforts to successfully research and develop, produce for the exploitation and sales of the world's first cold nicotine and smoke-free cigarette. Initial prototypes have been produced and assembly line production is scheduled to begin in 2009 www.denverson.com Disclaimer This release may contain certain 'forward-looking statements' with respect to certain of Indenture Investments Ltd's plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates', and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Indenture Investments Ltd's control including among other things, Canadian domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Indenture Investments Ltd. operates. As a result, Indenture Investments Ltd's actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in Indenture Investments Ltd's forward-looking statements. Indenture Investments Ltd. undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make. Contact: Investor Relations Department: (416) 410-3995 SOURCE: Indenture Investments Ltd. 18.05.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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