Business Services Industry
Sunrise USA Completes Merger with Olympus Restaurant
Business Wire, July 22, 2005
BROOMFIELD, Colo. -- Sunrise USA, Inc. today announced that effective May 18, 2005, it completed a merger with and into Olympus Restaurant Corporation, a Nevada corporation. As part of the terms of this merger, the surviving corporation, Olympus Restaurant, was renamed Sunrise Broadband Group, Inc. ("SBG") and changed its principal place of business to that of Sunrise USA in Broomfield, Colorado. With the completion of the merger, the Company has appointed Sunrise USA's President and Chief Executive Officer, Calvin D. Smiley, to the same post, and Daniel M. Smith as Chief Financial Officer. Both will serve as directors of the surviving corporation.
"This is a major step toward executing our Strategic Business Plan," said Calvin D. Smiley, President and Chief Executive Officer. "This now sets the foundation to allow management to complete the first phase of our acquisition and roll-up strategy of targeted rural cable television systems that are strategically located. As well, we will be working to finalize key operating personnel for both corporate and field operations to provide direction relative to our capital expenditure plans to provide competitive products in each of our markets."
SBG will initially trade as a non-reporting Over-the Counter "Pink Sheet" company under the trading symbol "SBBD." The Company has completed the process to trade on the Pink Sheets.
The Company also announced that it has launched its new website www.SBGinc.tv for the convenience of its shareholders and customers.
Said Daniel M. Smith, Sunrise Broadband Group CFO: "Completion of the merger with Olympus Restaurant satisfies the principal condition to allow the Company to complete its financing, and close on the initial target acquisitions. To assist management in moving ahead we have engaged the regional auditing firm of GHP Horwath, P.C. to provide outside accounting services for the company."
The Company also announced that Andrew I. Telsey, P.C. has been engaged to handle all corporate and securities work and that Routh Stock Transfer, Inc. will coordinate and provide shareholder services.
About Sunrise Broadband Group, Inc.
Headquartered in Broomfield, Colorado, Sunrise Broadband Group, Inc. is a developmental stage company focused on delivering broadband solutions to rural communities through strategic acquisitions and mergers. The Company has selected strategic cable television systems to upgrade and consolidate infrastructure, resulting in increased bandwidth, improved customer service and improved reliability.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


