Coming out of reorganization...the next CHES??
Tuesday July 13, 7:44 am Eastern Time
Company Press Release
Diversified Resources Group, Inc. Emerges from
Reorganization
SARASOTA, Fla.--(BUSINESS WIRE)--July 13, 1999--DRG, Inc. d/b/a Diversified Resources Group, Inc. (Nasdaq OTC BB:DRGI), a Sarasota, Florida based company, announced full and final confirmation of its Plan of Reorganization.
The company will no longer operate under protection from its creditors and is free to make acquisitions and raise new capital. The company also announced that it has changed its name to Diversified Resources Group, Inc. O. Howard Davidsmeyer, Chairman of the Board of DRG, Inc. stated, ''We have a fresh start to build from, and I believe that
our investors and future investors of the company will be very pleased with the quality of the acquisitions that the company is preparing to announce.''
This press release shall not constitute an offer to sell securities under an exemption from registration pursuant to Regulation D,
Rule 504 of the Securities and Exchange Commission. Statements regarding the company's expectations about new and exciting products, future financial performance and other forward looking statements are subject to various risks and uncertainties, including, without limitation, demand and acceptance of new and exciting products, technological advances and product obsolescence, competitive factors and the availability of capital to finance growth.
Contact:
Diversified Resources Group, Inc., Sarasota
Carl Smith, III, 941/923-1949 |
