HENDERSON, NEVADA--(Marketwire - 11/05/10) - Eline Entertainment Group, Inc. (PINK SHEETS:EEGI - News) (www.elineentertainment.com) and the company's subsidiary Let The Good Times Roll has successfully merged with Midnight Express. This is a second expansion merger for the company.
LTGTR's subsidiary Midnight Express is a Florida based luxury transportation company specializing in tours of the Tampa Bay area. Midnight Express was previously geared towards tours in the party bus atmosphere, which makes for a great synergistic merger with LTGTR as the company expands both its business model and territory.
This acquisition has the potential to add significant increases in annual revenue to the company, but the real value in this merger lies in the select agreements and joint ventures with local businesses.
"The acquisition of Midnight Express helps us immensely in our pursuit of shuttle services. We expect to announce a major business strategic agreement in the Tampa Area in the upcoming few weeks thanks to this acquisition." - Debra Davis President of LTGTR.
LTGTR employs an organic expansion and acquisition strategy to increase revenue streams and expand into the market immediately. Besides organic expansion, the company continues to seek mergers, acquisitions, and participation in various joint ventures. The company seeks to achieve aggressive business growth with several mergers in the near future.
This is EEGI's third merger announcement in the last several days, and a second merger for the LTGTR. EEGI management is excited by the speed with which the LTGTR moves, and intends to keep shareholders updated with further details on the progression of any upcoming mergers and already completed mergers via filings posted on www.OTCMarkets.com.
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Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Eline Entertainment Group, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Eline Entertainment Group, Inc. cautions you that any forward-looking information provided by or on behalf of Eline Entertainment Group, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Eline Entertainment Group, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Eline Entertainment Group, Inc.'s control. In addition to those discussed in Eline Entertainment Group, Inc.'s press releases, public filings, and statements by Eline Entertainment Group, Inc.'s management, including, but not limited to, Eline Entertainment Group, Inc.'s estimate of the sufficiency of its existing capital resources, Eline Entertainment Group, Inc.'s ability to raise additional capital to fund future operations, Eline Entertainment Group, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Eline Entertainment Group, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Eline Entertainment Group, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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