SANTA MONICA, Calif., Jan. 23, 2012 (GLOBE NEWSWIRE) -- Equities.com, Inc., the Global Financial Network and the world's premiere social community for self-directed investors, announces that subsequent to meeting all auditing and appraisal requirements to consummate the proposed merger with GlobeTrac, Inc. (OTCBB:GBTR), Equities.com, Inc. has terminated the potential merger due to the failure of third-party funding sources to secure the financing required for the proposed merger to be deemed viable. Equities would like to apologize to GlobeTrac and any other interested parties for any confusion caused by the previous wording of the press release. Funding was never a part of the proposed merger agreement with GlobeTrac.
This decision allows Equities.com, Inc. to pursue greater and more strategically advantageous alternatives for growth, and opportunities that are more congruent with the company's long-term vision and potential.
About Equities.com. Inc.
Equities.com is a worldwide social networking site, empowering investors with editorial, news, data, and resources for smart, successful investing. The platform dually functions as an avenue for public companies to control and disseminate their message to an audience of engaged investors via a comprehensive online profile and powerful social media tools.
Disclaimer
This press release may include forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements.