Cyberads Signs Definitive Stock Purchase Agreement

  • September 11, 2003
Cyberads, Inc., which focuses on online marketing and activation of cellular phone service, announced this week that the previously disclosed proposed purchase involving Novanet Media, Chairman Larry Levinson and Cyberads has reached the stage where the parties have entered into a definitive stock purchase agreement. On June 24th the company released news that it and Chairman Larry Levinson, entered into a letter of intent with Novanet Media, whereby Novanet Media would purchase substantially all of Levinson's stock in Cyberads, Inc. In the past 2 1/2 months both companies and Levinson have worked closely together to reach a definitive agreement and the parties anticipate that the transaction will be concluded on or before September 20, 2003.
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