TRIT - Tuesday April 4, 10:16 am Eastern Time
Company Press Release
Triden Telecom, Inc. To Acquire Edlam Acquisition Corp.
TYLER, Texas--(BUSINESS WIRE)--April 4, 2000--Robert S. Hardy, CEO of Triden Telecom, Inc. (OTCBB:TRIT - news), announced today that he signed a Letter of Intent for Triden to acquire Edlam Acquisition Corporation, a Nevada Corporation. Upon closing of the letter of intent, Triden Telecom, Inc. will assume the reporting status of Edlam, and thereby become a reporting company under the Securities Exchange Act of 1934. Triden is taking this action in order to meet the eligibility requirements for the NASD OTC Bulletin Board. The terms of the acquisition were not disclosed.
In order to fully satisfy the eligibility requirements for the OTC Bulletin Board, Triden must complete and file a Form 8-K with the Securities and Exchange Commission stating that it is assuming the reporting status of Edlam, and include with that filing audited financial statements of Triden and other financial information. Should Triden be unable to complete its audited financial statements on a timely basis, it would not meet the requirements of the eligibility rule and the listing for Triden's common stock would fall to the NQB ``pink sheets. 'However, upon completion and filing of the audited financial statements with the Securities and Exchange Commission, Triden would immediately apply for reinstatement of its listing on the OTC Bulletin Board. Mr. Hardy stated that management intends to meet all filing requirements in a timely manner.
In addition, Mr. Hardy stated that management is continuing negotiations with several parties involving possible additional mergers and/or acquisitions for Triden to bring further value to shareholders and the combined companies.
- This information herein contains forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995) which reflect the views of themanagement, and the proposed new
members of management with respect to the future events. These
forward-looking statements are subject to certain uncertainties and
other factors that could cause the actual results to differ
materially from such statements. Readers are cautioned not to place
undue reliance on these forward looking statements, which speak only
as ofthe date the statement was made. There can be no assurance that
the forward-looking information contained herein will in fact
transpire.
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Contact:
Robert S. Hardy, CEO
903-581-2040
Email: triden@iamerica.net |
