a February PR....
Tuesday February 2, 11:03 am Eastern Time
Company Press Release
Minas Announces Negotiations to Acquire Cool Entertainment, Inc.
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Feb. 2, 1999--Minas Novas Gold Corp. (OTC BB:MNGD), a Colorado corporation, is pleased to announce that it has tentative plans to acquire Cool Entertainment, Inc. of Seattle, Washington, which is engaged in retail over the Internet.
While the definitive agreement will be signed after all due diligence investigation has been completed, it is anticipated that the acquisition will be accomplished through an exchange of shares between
Minas Novas and the shareholders of Cool Entertainment. It is also expected that present officers and directors will be replaced with principals of Cool Entertainment and that Minas Novas will change its name.
The Board of Directors of Minas Novas determined to discontinue its efforts in the mining business due to low commodity prices and the lack of financial commitments. All existing contracts and commitments will be cancelled.
This press release may contain forward-looking statements made pursuant to the \223safe harbor\224 provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, subscriber growth, product demand, competition, and other
risks and uncertainties detailed from time to time in the Company's periodic reports.
Contact:
Minas Novas Gold Corp.
Lee Halterman, Toll Free: 1-888-603-8833
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