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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB

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To: Andrew who wrote (88)9/17/1997 10:54:00 PM
From: Bryan Spence   of 209
 
Carbite Golf Inc., is the public corporation, that initially purchased 50% of Carbite Inc., a San Diego golf company. The acquisition of the remaining 50% of Carbite Inc. is whate the Sept. 3, 1997 news release is referring to. As part of the purchase, Carbite Golf Inc. has also acquired the remaining portion of a joint venture with Advanced Golf Inc. that Carbite Inc. did not own. Come to think of it, this is confusing. Essentially Carbite Golf Inc., the public corp., now owns 100% of the business. From what I understand the acquisitions and mergers has delayed the release of financial information on the company's combined first half results. I hope once they get everthing organized they will have some decent sales figures to report and bring us up to date on their product development.

Bryan
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