TULSA, Okla., Sept. 10 /PRNewswire-FirstCall/ -- St. Joseph, Inc. (BULLETIN BOARD: STJO) announced today that it has decided not to proceed with the acquisition of two privately held corporations as announced on February 20, 2007.
Gerry McIlhargey, President stated, "Following the due diligence process, Directors of St. Joseph concluded it was in the best interest of our shareholders not to proceed with the acquisitions. The decision not to proceed with the acquisitions and to terminate the letter of intent was mutually agreed to by all parties." McIlhargey continued, "The Company plans to continue seeking candidates for merger or acquisition and exploring such options."
About St. Joseph, Inc.
St. Joseph is a holding company with subsidiaries engaged in the staffing industry. More information about St. Joseph, Inc. is available at http://www.stjosephinc.com/.
This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
