For Immediate Release
Spud Cycle, CCO GiddieUp Solutions
spud@giddieup.com
GiddieUp IPO is On Hold
Cyberspace, Wi -- 09/22/1998 --
Following the resignation of acting president, Catfish Domingo, Chief Communications Officer Spud Cycle had the following statement:
"A great future is expected for GiddieUp Solutions outlook. They will initiate strategic initiatives that should move them into a top spot on the Internet landscape. This should show great profits for their investors. The core of the organization remains and continues to fulfill their dream that continues. They will follow the trends of many other Internet IPO's and be in a position to succeed with the help of it's investors."
When asked for more information, he stated he had no further comments at this time.
Several statements in this press release are forward looking and are identified by the use of
forward looking words and phrases, such as "expected," "outlook," "will," "future strategic
initiatives," "should," "remains," "continues," "trends," "be in a position". These forward
looking statements are based on the Company's current expectations. Because forward
looking statements involve risks and uncertainties, the Company's plans, actions and actual
results could differ materially. Among the factors that could cause plans, actions and results
to differ materially from current expectations are: (i) the general political, economic and
competitive conditions in markets and countries where the Company and its subsidiaries
operate, including currency fluctuations and other risks associated with operating in foreign
countries; (ii) governmental actions, including the ability to receive regulatory approvals and
the timing of such approvals; (iii) changes in capital availability or costs; (iv) results of
analysis regarding strategic alternatives; (v) changes in consumer demand and prices,
including decreases in demand for the Company's products and the resulting negative
impact on the Company's revenues and margins from such products; (vi) the cost of
compliance with changes in regulations, including environmental regulations; (vii) workforce
factors such as strikes or labor interruptions; (vii) material substitutions and increases in the
costs of the Company's raw materials; (ix) the Company's ability to integrate operations of
acquired businesses quickly and in a cost-effective manner; (x) new technologies; (xi) the
ability of the Company and those with whom it conducts business to timely resolve the Year
2000 issue (relating to potential equipment and computer failures by or at the change of the
century), unanticipated costs of, problems with, or delays in resolving the Year 2000 issue,
and the costs and impacts if the Year 2000 issue is not timely resolved; (xii) changes by the
Financing Accounting Standards Board or other accounting regulatory bodies of
authoritative generally accepted accounting principles or polices; and (xiii) the timing and
occurrence (or non-occurrence) of transactions and events which may be subject to
circumstances beyond the Company's control.
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