On August 16, 2006, Ardent Acquisition, which had raised $41.4 million when it completed its IPO on February 24, 2005, announced that it had reached agreements to acquire two unidentified companies, and that it would sign a definitive agreement with one of these companies within 45 days.
AACQ.OB was facing a September 2, 2006 deadline to either enter into an agreement for an acquisition or face liquidation. This kicks the ball forward for six months.
ARDENT ACQUISITION CORPORATION SIGNS LETTERS OF INTENT FOR BUSINESS COMBINATION
Garden City, NY August 16, 2006 - Ardent Acquisition Corporation (OTC Bulletin Board: AACQ) announced today that it has signed two separate letters of intent with companies for a business combination. The Company anticipates signing a definitive agreement with one of these companies within the next 45 days. Pursuant to the provisions of the Company's Certificate of Incorporation, the Company now has until March 2, 2007 to complete a business combination. If the Company is unable to complete a business combination by March 2, 2007, it
will then liquidate.
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