DMPT **NEWS**
APPLE VALLEY, Calif., Nov 14, 2000 (BUSINESS WIRE) -- CobraTech International
Inc., formally known as, Deadman's Point Inc. (OTCBB: DMPT), a Nevada
Corporation, Tuesday announced that its Board of Directors approved a name
change of the company from Deadman's Point Inc. to CobraTech International Inc.,
effective immediately.
The new trading symbol for CobraTech International Inc. will be (OTCBB:COBB)
effective Wednesday, Nov. 15, 2000.
The Board also announced a stock dividend of 30 new shares for every one old
share. The record date for the dividend is Nov. 9, 2000, with a pay date of Nov.
10, 2000. The dividend shall increase the issued and outstanding to 25,200,030
shares of common stock. The company's transfer agent is Signature Stock
Transfer, Addison, Texas.
In addition, the Board announced the hiring of John Devlin as president/CEO and
board member. Devlin brings to the company 25 years of experience in mining
exploration and development.
John Devlin, Director, CobraTech International Inc.
Forward-Looking Statements: This news release may include certain
forward-looking statements. Forward-looking statements may include, but are not
limited to, projections of revenue, income or loss and capital expenditures,
statements regarding future operations, financing needs, plans relating to
products or services of the company, assessments of materiality, predictions of
future events and the effects of pending and possible litigation, as well as
assumptions relating to the foregoing. In addition, when used in this
discussion, the words "anticipates", "believes", "estimates", "expects",
"intends", "plans" and variations thereof and similar expressions are intended
to identify forward-looking statements. Such forward-looking statements are
subject to various risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of factors,
including but not limited to the company's ability to manage rapid growth as a
result of internal expansion and strategic acquisitions, the impact of
competitive products and pricing, product demand and market acceptance, new
product development, reliance on key strategic alliances, availability of raw
materials, the regulatory environment, fluctuations in operating results and
other risks detailed from time to time in the company's filings with the
Securities and Exchange Commission.
CONTACT: CobraTech International Inc.
John Devlin, 604/608-1610
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KEYWORD: CALIFORNIA NEVADA TEXAS
INDUSTRY KEYWORD: MINING/METALS
DIVIDEND
MANAGEMENT
CHANGES
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