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TOPIC: MAUG - Maui General Stores Inc.

MAUG - Maui General Stores Inc. 10 years 4 months ago #1379

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[Re: MAUG - Maui General Stores Inc.]
Chinese Investors Take Control of Maui General Store
07:00 a.m. 06/09/2008 Provided By PrimeNewswire
NEW YORK, Jun 9, 2008 (PrimeNewswire via COMTEX) -- Maui General Store, Inc. (MAUG) announced today that Fu Qiang and Su Jianping have acquired 90 million shares of MAUG's common stock, representing 64% of the outstanding shares. Messrs. Fu and Su purchased the shares from Richard Miller. In connection with the acquisition, Fu Qiang replaced Mr. Miller as MAUG's Chief Executive Officer and Chief Financial Officer.
Fu Qiang is the Chief Executive Officer of Heilongjiang Hairong Science & Technology Co., Ltd. ("Hairong"). The share purchase agreement among Messrs. Miller, Fu, Su and MAUG provides that within the next thirty days MAUG will acquire control of Hairong.
Since 1999, Hairong has been engaged in design and implementation of information technology networks and software development. It is a high-tech private company, which integrates IT industry, IP science and research, manufacturing and marketing. Hairong also hosts a financial information website to provide stock analysis and brokerage services. The Trans-World finance website, a large subordinate site, offers comprehensive and professional information services in stock exchange and worldwide financial information.
Hairong operates its businesses primarily in The People's Republic of China, with its headquarters in Harbin City, Heilongjiang Province. Hairong also has offices in New York City.
Richard Miller, past President of Maui, commented: "After careful consideration of many merger candidates, Hairong offers the greatest value to our shareholders. With Hairong's significant ongoing business and huge growth potential with the opportunities in the Chinese market, the merger will be an exciting opportunity for the company to grow exponentially."
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MAUG - Maui General Stores Inc. 10 years 6 months ago #1338

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[Re: MAUG - Maui General Stores Inc.]
Maui General Store Merger Slated for April

07:00 a.m. 04/02/2008 Provided By PrimeNewswire

HANA, Hawaii, Apr 2, 2008 (PrimeNewswire via COMTEX) -- Maui General Store, Inc. (MAUG) today announced that it is preparing to finalize a merger expected in April of this year.
Richard Miller, Maui President/CEO, commented: "We feel we have found a company that has a solid business along with great management, and will give the shareholders good value for their investment. Even though it has taken longer than expected, we feel it was worth the wait and necessary to do the due diligence necessary to find the right company that deserves to be listed as a publicly traded company and can grow exponentially. We expect to disclose the identity of our merger partner shortly."
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MAUG - Maui General Stores Inc. 10 years 9 months ago #1289

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[Re: MAUG - Maui General Stores Inc.]
Latest News:

HANA, Hawaii, Dec 18, 2007 (PrimeNewswire via COMTEX) -- Maui General Store, Inc., (MAUG) today announced that it is in receipt of business plans and financial statements from several prospective merger partners.
Richard Miller, Maui President/CEO commented: "We are excited by the quality of the proposals, financial statements and business plans received. All of the proposals offer substantial value to our shareholders. After months of due diligence and consideration of all presentations, we expect to disclose the identity of our merger partner in the very near future."
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MAUG - Maui General Stores Inc. 11 years 2 months ago #1208

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[MAUG - Maui General Stores Inc.]
Microsoft Visionary Joins Maui General Store, Inc.

Microsoft Visionary Joins Maui General Store, Inc.
HANA, Hawaii, July 23, 2007 (PRIME NEWSWIRE) -- Maui General Store, Inc. (OTCBB:MAUG) announced today the appointment of marketing genius Rowland Hanson to its Board of Directors of it's recently formed Asia Merger & Acquisition Corp. Hanson, who served as Vice President of Microsoft Corporation where, among his many achievements, he shaped the introduction of Microsoft's most popular product -- the operating system that Hanson himself named "Windows".

Richard Miller, President and CEO of Maui General Store, Inc., stated, "This a very exciting time for us. To have someone of Rowland Hanson's business stature join our company confirms to our shareholders that we are very serious about building value. In regards to this, I would like to announce we are aggressively pursuing acquisition and merger candidates and will update our shareholders with details as soon as possible."

Rowland Hanson has more than 20 years experience in communications, branding, market research, business development, and finance. Today, Mr. Hanson is CEO & Founder of CRH & Associates and the Hanson Maslen Group, a strategic consulting firm he runs with his partner, former president of Starbucks Inc., Peter Maslen.

Over the last several years, Rowland has served as a consultant, CEO, president, and board of director's member of several companies including A&E, National Geographic, DreamWorks, Trivial Pursuit, The Nautilus Group and United Airlines, to name a few.

Prior to Microsoft, Rowland served as Vice President of Worldwide Marketing for Neutrogena Corporation, a skin care and cosmetics company that registered phenomenal growth during his tenure. It was his Neutrogena success that attracted the attention of Bill Gates, who personally recruited Rowland to Microsoft with the expressed mission of developing and executing an overall brand strategy.

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

CONTACT: Maui General Store, Inc.
Richard Miller, President and CEO
808-248-8787

www.bloomberg.com/apps/news?pid=conewsst...:US&sid=aNeLfVnc2MHU
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