VANCOUVER, BC, July 16, 2004 (PRIMEZONE) -- J & C International Investment Group, Ltd. is pleased to announce that on July 14, 2004 it entered into a definitive agreement with Yap International, Inc. to purchase 100% of its outstanding shares, all Rights and Assets. Yap International, Inc. is an Internet based Communications Corporation in the rapidly expanding Voice over Internet Protocol (VoIP) industry.
Yap International, Inc. expects to capitalize on significant growth opportunities in the VoIP marketplace resulting from common business goals, distribution channels, and geographic presence.
J & C International Investment Group Ltd. also announced today that it has approved a two for one forward stock split, the record date for the forward stock split is to be effective Monday, July 26, 2004. Stockholders of the record date will be entitled to two shares of common stock for each share of common stock held on that date. The stock split will be effected in book entry format by the company's transfer agent, with no additional stock certificates being issued.
J & C International Investment, Group Ltd. will also be changing its name to Yap International, Inc. Management of the company believe this name change is necessary to more accurately reflect the focus of the company.
About Yap International, Inc.
Yap International, Inc. is a multi-national Internet Communications Company developing cost effective telecommunications through Voice Over Internet Protocol (VoIP) technologies. The company is headquartered in Las Vegas.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.