Since May 1998, eMeringue has set the standard for Internet food shopping, guaranteeing delivery of a pie meringue to anywhere in the U.S. in seven days. The company was founded last year when McCloskey transformed his failing auto parts business into a successful online meringue operation. Their website is very impressive and the product is top notch. Many analysts, including e-commerce expert Charles Scarborough have been stunned by eMeringue's IPO and split announcement. This is unprecedented.
Splits are a great way to keep the stock moving up.
That's why we're such a ground-breaking company. With the enormous success of today's IPO, eMeringue has decided to use its stock as currency. Larry McCloskey, chairman and CEO of eMeringue has submitted a proposal today to the board of directors of Cyber Crust to acquire all of the company's capital stock. We've been in the crust business for almost 10 years. A year ago, eMeringue was selling auto parts.