HeadsUp Entertainment in Multiple Discussions to Secure Major Institutional Placement
March 10 2011 - 2:00PM
HeadsUp Entertainment (Pink Sheets:HDUP) is pleased to announce
that the Company has experienced an extreme acceleration in
interest from institutional investors that would like to
participate in a significant institutional placement of the
company's common stock. If completed, the investment will be
received from a major U.S.-based institutional investor that will
support the company's growth plan for 2011 and beyond. "As a result
of the news events that we announced over the past few days,
credible firms are offering to lend their hand to help position
HeadsUp Entertainment in the global market place," stated Kelly
Kellner, Chief Executive Officer of HeadsUp Entertainment. "We are
moving quickly to obtain the funding required to advance to the
next level of expansion as we grow internationally, including
discussions with one of the leading hotel brands in the world."
Kelly B. Kellner concluded, "All of our shareholders should know
that we have less than 69 million shares outstanding. Therefore,
all of our shareholders can be confident that we will continue to
manage our capital base very carefully so that none of our growth
is hampered by unnecessary dilution." Forward-Looking
Statements:
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, not guarantees of
HeadsUp Entertainment International Inc.'s future operational or
financial performance, and are subject to risks and uncertainties.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Due to the risks and uncertainties, actual events may
differ materially from current expectations. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: HeadsUp Entertainment International Inc.
Kelly B. Kellner (403) 269-9039
Website: www.headsupentertainment.com
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