PromotionWorld.com Friday, May 26, 2006; 08:00 AM
Nashville, TN - Upside Development, Inc. (AORO),
reports that its shareholders approved an amendment to the articles of
incorporation changing the name of the company to AmoroCorp, Inc. (www.AmoroCorp.com)
Accordingly, the company has been informed by NASDAQ that commencing on
or about May 25, 2006, the company's stock will begin trading under the
new symbol "AORO."
Additionally, the Company has entered in a Letter of Intent for the acquisitions of all of the assets of JoMo MEDIA GROUP. www.jomomedia.com. JoMo Media Group offers PHP and MySQL driven scripts and software.
JoMo’s chief product is a highly-customizable and easy-to-use
Pay-Per-Click (PPC) Search Engine Script. Such scripts are crucial
elements for effective enterprise websites, in the rapidly-expanding
online marketplace. JoMo is an affordable program that combines
effective and fast keyword search capabilities with extremely detailed
tracking of visitors. This helps business owners by providing them with
necessary information about their market, to make them more competitive
online..
Under the terms of the letter of intent, the assets of JoMo Media Group
will be assigned to a newly created subsidiary of AmoroCorp. The
transaction is expected to close within the next 30 days.
The shareholders also approved a reverse stock split in a ratio of 300
to 1. No action is required by shareholders as a result of the name
change.
CEO Ephren Taylor stated, “We are focused on creating a profitable
business structure based on Empowering Communities Through
Socially-Conscious Development. We believe these changes will better
position us to be effective in our long-range goals.” Taylor is the
youngest African American CEO of any publc company.
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