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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ

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To: Buckey who wrote (3081)11/30/2001 7:54:27 PM
From: caly  Read Replies (1) of 3086
 
Les haricots sont cuits.

JAWZ Inc. Announces Resignation of All Directors and Officers

TORONTO--(BUSINESS WIRE)--Nov. 30, 2001--JAWZ Inc. (OTCBB:JAWZE) today announces that the company was unsuccessful in its pursuit of a new insurance carrier for its officers and directors liability insurance policy.

JAWZ Inc. management believes that the company was unable to negotiate reasonable terms for director and officer liability insurance due to the current economic climate and the unresolved litigation being maintained in California by Bristol Asset Management and Paul Kessler.

As a result of this event, all Board members and Officers have resigned, effective immediately.

CONTACT: JAWZ Inc.
nvestor Relations, 416/444-2526
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