DRGI _ VERY GOOD NEWS TO THOSE HOLDING
Monday July 26, 8:01 am Eastern Time
Company Press Release
Diversified Resources Group Division
Finalizes Letter of Intent
SARASOTA, Fla.--(BUSINESS WIRE)--July 26, 1999--DRG, Inc., d/b/a Diversified Resources
Group, Inc., (Nasdaq OTC BB:DRGI - news), a Sarasota, Florida based company, announced today
that its wholly owned subsidiary, Cordless Power Corporation, has finalized a Letter of Intent with
PrePaid Cellular Solutions, Inc. of Melbourne, Florida.
Under the Agreement, PrePaid Cellular Solutions will purchase cellular telephones and accessories
exclusively from Cordless Power Corporation for distribution to its growing network of prepaid
cellular customers.
PrePaid Cellular Solutions, Inc. has multiple prepaid cellular patents that have allowed it to grow to
become one of the nations fastest growing prepaid cellular companies. PrePaid Cellular Solution's
current cellular network covers 85% of the United States making it one of the largest cellular
footprints in the industry today.
Cordless Power Corporation is completing the packaging, design and equipment needed to supply the
prepaid cellular phones, leather phone cases, high capacity cellular batteries, and cigarette lighter
rechargers for distribution by PrePaid Cellular Solutions, Inc. to their retail customer network.
''Gross sales are projected to exceed $1,500,000 per month within the first 120 days of the project
ramp-up,'' stated Mr. Chris Beck, President of Cordless Power Corporation.
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
Web Site: www.diversified-resources.com |
