Sept 22 (Reuters) - Globalive Technology Inc LIVE.V :
* GLOBALIVE TECHNOLOGY TO PURSUE TWO-PARTY REVERSE TAKEOVER TRANSACTION WITH YOOMA CORP.
* GLOBALIVE TECHNOLOGY INC - PARTIES ARE CONTINUING TO NEGOTIATE MORE DETAILED, DEFINITIVE AGREEMENTS
* GLOBALIVE TECHNOLOGY INC - SOCATI LETTER HAS BEEN TERMINATED, EFFECTIVE TODAY
* GLOBALIVE TECHNOLOGY - OTHER LEGAL, BUSINESS & ECONOMIC TERMS OF TRANSACTION HAVE NOT BEEN CHANGED
* GLOBALIVE TECHNOLOGY - YOOMA LETTER AMENDED, TO REMOVE ANY CONDITIONS OR OTHER TERMS RELATING TO SOCATI'S PARTICIPATION IN DEAL CONTEMPLATED BY LETTER