Vinnoite announces its plans to acquire GML

Vinnoite Corp. is pleased to announce that it has agreed terms for an undisclosed cash offer for a leading blogs network,Gaufire Media Labs. The transfer of ownership to Vinnoite is expected to be completed by October 2008, subject to the Scheme of Arrangement becoming effective.

Commenting on the transaction, Md. Zubair,VP,M&A said, "We are excited about this acquisition. The strategic combination of our groups will accelerate the realization of our common aspiration - that of becoming the most respected provider of transformational media services in the global marketplace. In short term benefits , Vinnoite Blog Network will get an instant boost in its online revenues and internet property holdings.We hold the management and employees of GML in high regard and look forward to welcoming them to the Vinnoite Team."