Jamaica Jim, Inc. (OTCBB: JJIM) today announced that effective June 8, 2009, it completed its acquisition of myContactCard, Inc. (MCC) by reverse merger. As a result of the acquisition, MCC became a wholly owned subsidiary of Jamaica Jim and each outstanding share of MCC common stock automatically converted into the right to receive one share of common stock of Jamaica Jim, with MCC shareholders owning or have the right to own, in the aggregate, approximately 9,972,999 shares of Jamaica Jim, or 83% of its outstanding common stock. The business and operations of Jamaica Jim are now that of MCC prior to the transaction and will continue as such after the merger. Accordingly, Jamaica Jim is in the process of changing its name to “myContactCard” and its OTCBB ticker symbol as soon as practicable.
MCC transforms everyday email with personalized and interchangeable email signature cards that add all the functionality of a website. Customizable for businesses, social networks or causes, as well as individual users, MCC’s signature cards link directly from all email programs to anywhere on the internet. As part of the acquisition, MCC President Bill Noonan is now President and Director of Jamaica Jim. Jamaica Jim filed with the US Securities & Exchange Commission a Current Report dated June 10, 2009 on SEC Form 8-K disclosing the merger, which may be viewed at sec.gov/.
“With myContactCard, email is no longer a one way conversation with your contact,” said Bill Noonan, President of Jamaica Jim, said, “The merger provides myContactCard the opportunity to aggressively deliver its technology to the over one billion email users worldwide”.
About Jamaica Jim and myContactCard™
Jamaica Jim, through its newly acquired subsidiary myContactCard (mycontactcard.com) is the world’s leading innovator in the way people communicate and network via email. By fusing the functionality of websites directly into everyday email, myContactCard allows users to communicate in a way never done before.
Using graphically rich, easy to use, and interchangeable personal ‘signature cards’, graphics, downloadable files, links, videos, music, and other applications can be delivered easily, securely, and without increasing email size. MCC’s inherent “Contact to Contact” dimension allows users to brand themselves, their company, or even a cause on a personal level, offering a new measure of information, convenience and credibility not found in today’s websites, email marketing campaigns or search advertising.
Any statements that are not historical facts contained in this release are forward-looking statements. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements involve risks and uncertainties, including but not limited to those relating to product and customer demand, market acceptance of our products, the effect of economic conditions both nationally and internationally, ability to protect our intellectual property rights, impact of any litigation or infringement actions brought against us, competition from other providers and products, risks in product development, our ability to raise capital to fund continuing operations, the ability to complete transactions, and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made except as required by law.