Cetacean Industries, Inc.---(OTC Bulletin Board: CTAE) Message Board

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Microcap & Penny Stocks : Cetacean Industries, Inc.---(OTC Bulletin Board: CTAE)

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To: Riley G who wrote (6)	11/22/1997 11:01:00 AM
From: Ellen	Read Replies (1) of 106

In doing some research, I saw where CTAE recently acquired a mining company and, in November, disengaged from that company. Do you know why they did this? They didn't keep this acquisition very long. I'm not that knowledgeable on the mining industry, but I would think that startup/drilling/operational costs would be high and require major funding. Re-focusing their goals toward a less costly business would enable faster growth, IMO. -------------------------------------- Friday November 7 2:37 PM EST Company Press Release Cetacean Diversifies LONG BEACH, Calif., Nov. 7 /PRNewswire/ -- Cetacean Industries, Inc. (the ''Company''), (OTC:CTAE - news), today announces the disengagement of Juina Mining Company, Inc. and the Company. The Company had acquired 100% of the outstanding common stock of Juina in an equity share transaction in August of 1997. The Company's management have deemed that a diversification in the Company's business opportunities, objectives and direction will be better served in different specialized industries. -------------------------------------- Do you have any info on CTAE management? Thanks.

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