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Peopleline Confirms the Ending of the Merger Agreement
With Global Peopleline
VANCOUVER, BRITISH COLUMBIA, Jan 29,
2009 (Marketwire via COMTEX) -- Despite assertions to the contrary, the proposed
merger agreement between Global Peopleline Telecom, Inc. (PINK SHEETS:GPPL) and
Peopleline Telecom, Inc. (PINK SHEETS:PPTM) was ended earlier this month. Under
the terms of the merger, Global Peopleline Telecom, Inc. was to purchase a
controlling interest in Peopleline Telecom, Inc., take over its debt, and
finance its ongoing operations. These key conditions were not met.
Mr. Edward Gallagher, the former CEO and Director of Peopleline Telecom,
Inc., does not represent Peopleline Telecom, Inc. in any function, office, or
capacity. Peopleline Telecom, Inc. should not be mistaken for Mr. Gallagher's
current company, Global Peopleline Telecom, Inc., with which we have no
contract, agreement or relationship. Peopleline Telecom, Inc. has not granted
permission to Global Peopleline Telecom, Inc. to refer interested readers of
their press releases to the www.peopleline.net web site or to
reference Peopleline Telecom, Inc.'s services in its marketing materials.
Statements contained in this news release, other than those identifying
historical facts, constitute "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor
provisions as contained in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements relating to the Company's future expectations,
including but not limited to revenues and earnings, technology efficacy,
strategies and plans, are subject to safe harbors protection. Actual Company
results and performance may be materially different from any future results,
performance, strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any obligation to
update or revise any forward-looking statements.
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