Wednesday, March 29, 2006
Warning Management Services, Inc. to Acquire Uber Inc. and Their Subsidiaries
| Press Release | Source: Warning Management Services, Inc. |
Warning Management Services, Inc. to Acquire Uber Inc. and Their Subsidiaries
Wednesday March 29, 9:30 am ET
Uber Inc. operating units include Uber models, The Speed Magazine, Uber Girls and Uber Vintage Clothing.
``We are pleased to announce the signing of this letter of intent with Uber Inc.,'' said Brian Bonar, Warning's CEO. ``We anticipate the acquisition of Uber will significantly increase Warning's national exposure through their magazines and web presence in both the modeling and clothing industries,'' he added. ``The acquisition is expected be completed upon Warning's final due diligence of the value of Uber's assets, current and anticipated business operations and business plan review. While it is anticipated that the signing of the definitive agreements will occur late in March, or early in April, 2006, the company can give no assurance of when and if there will be a definitive closing.''
Uber Inc., founded in 1999, develops and supplies models for fashion editorials in magazines, catalogs, newspaper advertisements, personal appearances, trade shows and conferences and for advertising clients who use models in posters, websites, billboards and other outlets. The Speed Magazine is distributed to college campuses nationwide.
William Scott Whitfield, President and CEO of Uber said, ``We are excited about this alliance with Warning. We feel that combination of companies along with Warning's expertise in the advertising, publishing, and modeling, will provide the additional resources to launch new national campaigns and expand our customer base in modeling, publishing and clothing markets. Uber management is working closely with Warning management to complete this transaction in an expeditious manner.''
About Warning Management Services Inc.
Warning Management Services, founded in 1998, develops and supplies models for fashion editorials in magazines, catalogs and newspaper advertisements and for advertising clients who use models in posters, websites, billboards and other outlets. Also, Warning Management models make TV, video and personal appearances.
The Company also owns Employment Systems, Inc. which provides staffing services and business processing services to municipalities and small businesses throughout Southern California.
About Uber Inc.
Uber Inc. (Uber Models), founded in 1999, has provided and developed models for all assets of the modeling and talent industry including print, runway, showroom and promotional. Uber has placed models with agencies worldwide as well. Based out of New Orleans, LA before Hurricane Katrina, Uber has relocated to Los Angeles due to the disaster. Company information is available at http://www.ubermodels.com. The Speed Magazine, launched in 2002 as part of Uber Inc., has experienced exponential growth in the U.S. Southeast Region. The publication is currently available at major universities in Louisiana, Alabama, Florida, Georgia, Tennessee and Kentucky. Company information is available at http://www.thespeedmagazine.com. Uber Inc. also owns http://www.Ubergirl.com, a promotional models website and http://www.UberVintage.com, a t-shirt company that sells vintage t-shirts in addition to original designs.
Brian Bonar has been Chairman of Warning Management Services, Inc. since February, 2004 and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation (OTC BB:DRDF.OB - News) located in San Diego, which provides a variety of professional services related to human resources to businesses, and The Solvis Group, Inc. (Other OTC:SLVG.PK - News), which includes a number of operating units, including M&M Nursing Services and CallCenterHR(tm). The Company provides a variety of staffing services to businesses, including comprehensive human resource administration, payroll services, workers compensation and risk management insurance, and employee benefits such as health insurance, supplemental insurance, HSA plans, 125 cafeteria plans, and 401(k) plans. The Company also includes an imaging products and services unit, Imaging Tech, Inc., which provides a variety of innovative products and services associated with graphics, photography, and color management.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission (``SEC''), including its annual report on Form 10-K for the year ended Dec. 31, 2002, and its subsequent filings with the SEC.
Contact:
Warning Management Service Inc.
(858) 277-5300
449 South Beverly Drive
Beverly Hills, CA 90212
Uber Inc.
Catherine Tran
(310) 201-9100
(888) 465-4166
Cat@ubermodels.com
William S. Whitfield
Scott@ubermodels.com
Source: Warning Management Services, Inc.
The articles contained on this website are for informational purposes only. I am not an Investment Advisor and I do not give investment advice. I am not telling you to buy, hold or sell any of the listed securities. I do not receive compensation of any kind from any source for this publication. I do own shares of WNMI.
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