Business
CYBERVEGAS REPORTS AGREEMENTS WITH AERIUS
CYBERVEGAS REPORTS AGREEMENTS WITH AERIUS.
About this update from Aerius
[{"type":"text","content":"LAS VEGAS, NEVADA - CyberVegas.com, Inc., a Nevada corporation (CVGS.PK), has entered into an agreement to acquire all issued and outstanding stock of Aerius, a Nevada corporation, in exchange for 38,000,000 new shares of Cybervegas common stock. Aerius is a development stage company that has developed a 3G cell phone antenna technology that in tests by carriers and in FCC certified labs has shown to substantially increase the battery life and range of the phones. \r\n\r\nThe agreement is scheduled to close on or before January 26, 2007. Additional key provisions of the parties' agreement include the following: \r\n\r\n* Cybervegas has transferred all of existing oil painting operations and its associated debts to certain of Cybervegas' control shareholders in exchange for a return of their shares;\r\n\r\n* Cybervegas' existing control shareholders have returned to treasury a total of 38,000,000 shares of Cybervegas' common stock;\r\n\r\n* All of Cybervegas' officers and directors have resigned, except for Brian Sims, who will remain on our board;\r\n\r\n* Aerius' current CEO has joined Cybervegas' board and has become Cybervegas' CEO and President;\r\n\r\n* Cybervegas will assume the existing promissory notes, warrants and option agreements of Aerius;\r\n\r\n* Cybervegas will change its name to \"Aerius\" in order to better reflect its new business plan.\r\n\r\nSafe Harbor Statement\r\nThis release includes forward-looking Statements. Statements contained in this Release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested may be identified from time to time. The Company does not undertake any obligations to update forward-looking statements made by it. This new release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company.","length":2283,"tagName":"div"}]