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Pastimes : The OTCBB Garbage Dump
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To: Wayne Rumball who wrote (2905)10/22/1999 2:52:00 PM
From: Wayne Rumball   of 2942
 
CISCO, Texas, Oct. 22 /PRNewswire/ -- Black Giant Oil Company
(OTC Bulletin Board: BGOC) President, Ivan Webb, reports that negotiations are
in progress for a merger/acquisition with a private company. No definitive
terms for an agreement have been reached therefore no formal news can be
released at this time as to the identity of the merger candidate until a
Letter of Intent has been executed. Due diligence is in progress to verify
the viability of this potential merger.
Black Giant recently became current in its filings with the SEC and has
maintained its listing on the Electronic Bulletin Board. The recent deletion
of non-reporting companies off of the Bulletin Board has caused a surge of
interest in full reporting public companies. Webb plans to take advantage of
this interest to maximize the negotiation position of BGOC to benefit its
shareholders.
This news release includes forward-looking statements that involve risks
and uncertainties. The forward-looking statements in this release are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially, due to a variety of
factors including, without limitation, the Company's ability to produce and
market products and/or services and other risks detailed from time to time in
the Company's reports filed with the Securities and Exchange Commission.
For additional information call Ivan Webb: 254-442-3968 (phone);
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