Image Globe Solutions Updates Filing Progress and Corporate Information
TORONTO--Feb. 1, 20065, 2006--Image Globe Solutions, Inc. (Pink Sheets:IGSS) issued a progress update today with respect to the Company's efforts in becoming a fully reporting issuer. Image Globe Solutions has retained Anslow & Jaclin, LLP of Manalapan, New Jersey, to update and file the Company's completed SB2 document with the Securities & Exchange Commission upon finalization of the Company's financial statements by its auditors, SF Partnership, LLP, of Toronto, Ontario.Image Globe Solutions CEO, Paul Barry, remarked, "We are making significant progress concerning our mandate of becoming a fully reporting company. We believe whole-heartedly in the importance of financial and operational transparency for our investors, so they can be assured about the quality of their investment and so the Company's share price can accurately reflect our intrinsic value. We also believe it is important for the Company to hold itself to the same standard as our competitors in the sub-prime leasing business, such as GE Capital, a subsidiary of General Electric and Wells Fargo , as well as the traditional finance companies who are not involved in sub-prime leasing, such as General Motors , Ford and DaimlerChrysler ."
Mr. Barry continued, "In keeping with our mandate, we have committed to updating all of the Company's information in the public domain to facilitate full disclosure as best we can prior to our attainment of fully-reporting status with the appropriate regulatory bodies."
Image Globe Solutions Corporate information:
Capital Structure.
Shares Authorized: 100,000,000
Shares Outstanding: 27,868,480 (as of Feb, 6, 2006)
Tradable Float: 19,463,187 (Approx.)
Market Capitalization: $1,950,000 (Approx as of Feb, 6, 2006)
Corporate Information
Corporate Contact Information: (Available on Company website: http://www.i-globesolutions.com)
Corporate Counsel: Anslow & Jaclin, LLP, Manalapan, New Jersey
Corporate Accountants: SF Partnership, LLP, Toronto, Ontario, Canada
Transfer Agent:: Computershare Trust Company, Inc., Golden, Colorado
Investor Relations: Brass Bulls Corporation, Coral Springs, Florida
SIC#: 6159. (Misc. Business Credit Institution)
About Image Globe Solutions, Inc.
Image Globe Solutions, Inc. seeks out and selects private companies deemed to have significant growth and cash flow potential and reasonable risk profiles and acquire them at an early stage in their growth cycle. Image Globe Solutions then brings all their resources to bear in optimizing their growth while, at the same time, assisting and guiding their development toward becoming publicly traded companies. This process provides ongoing and increasing added value tied to an exit strategy which facilitates the recovery of initial investment. Currently, Image Globe Solutions Inc. through its wholly owned subsidiary, LA AUTO LEASE(TM) specializes in used vehicle leasing for consumers unable to obtain financing from traditional lending sources.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Image Globe Solutions, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For further information, go to the Company's website at: http://www.i-globesolutions.com, or contact: Brass Bulls Corp., Darrin Lovito, Investor Relations at (866) 342.2700 or Paul Barry, Image Globe Solutions Inc. at (905)-825-1200.