HANA, Hawaii, Sept. 18, 2007 (PRIME NEWSWIRE) -- Maui General Store, Inc. (OTCBB:MAUG) announced that it plans to consummate a merger or acquisition by the end of this year. Maui has had several meetings with potential candidates that have strong business histories, good management and high growth potential. Maui's new division, Asia Merger and Acquisition Corp (AMAC), will continue to advise companies on financing and doing public offerings. Several groups that have interests in Vietnam and elsewhere have asked AMAC to be of assistance to them and are in ongoing discussions with them. AMAC, along with their strategic partners and investment groups, exercises legal and accounting due diligence on all companies it works with.
Richard Miller, President and CEO states, "I feel confident that Maui General Store will initiate a merger or acquisition in the coming months prior to the end of this year. We are dedicated to providing our shareholders with a solid book value and a successful company. We have worked too hard and long to let anything else happen."
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The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.