Here is a potential list candidate... well, I guess most people have missed this 20:1 FS anyway...
Bruden Acquisition Nears Completion
LANGLEY, BRITISH COLUMBIA--DURO ENZYME PRODUCTS INC. (the "Company") (OTCBB:DEPI) is pleased to announce that the acquisition of Bruden Steaming and Vac Services Ltd., is scheduledto conclude on March 15, 2002.
Bruden is an Alberta-based private corporation that provides industrial services to commercial, environmental, oil and gas, andagricultural industries. As announced January 19, 2002, Duro has structured the transaction as an acquisition of all of Brudens outstanding stock by Duro Enzyme Solutions Inc., a wholly owned subsidiary of the Company. The Company will provide consideration for the transaction by issuing 60,000,000 shares of DEPI common stock (post-split basis) to Bruden's shareholders at closing.
As announced on February 6, 2002, the Company has declared a 20-for-1 stock split. Shareholders of record on March 04, 2002 will receive 19 additional shares of common stock for every share owned. The additional shares will be distributed by the Company's transfer agent on March 08, 2002. The Company's shares will be quoted on a post-split basis beginning Monday, March 11, 2002.
The Company's CFO, David H. Kirske has resigned his position as acting CFO and Mr. Kirske will be available to assist the Company during this transition period.
Forward-Looking and Cautionary Statements:
Certain statements contained herein, including, without limitation, statements containing the words "believes", "intends" and other words of similar import constitute "forward-looking statements" within the meaning of Section 27A of Securities Act of1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve knownand unknown risks, uncertainties and other factors which may causethe actual results, performance or achievements of Duro Enzyme Products Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Duro Enzyme Products Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.
On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC.
"Perry Smith"
Perry Smith, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Duro Enzyme Products Inc.
Perry Smith
(604) 888-6797
INDUSTRY: EVT
SUBJECT: TMN |
