COMTEX) B: AMMONIA HOLD, INC. ANNOUNCES INVESTMENT IN PETQUARTERS.CO
B: AMMONIA HOLD, INC. ANNOUNCES INVESTMENT IN PETQUARTERS.COM
LONOKE, Ark., Aug. 13 /PRNewswire/ -- Ammonia Hold, Inc. (OTC Bulletin
Board: AMHD) today announced the acquisition of 1,777,500 shares of
PETQUARTERS.COM (OTC Bulletin Board: PDEN) for investment purposes.
This represents approximately 15% of the total outstanding shares of
PETQUARTERS.COM.
Michael D. Parnell, President and Chief Executive Officer, stated,
"With the explosive growth of the internet, it is only logical for
Ammonia Hold to participate in that avenue of distribution.
PETQUARTERS.COM provides that source of distribution, via the internet,
for our pet products, namely our patented litters, litter additives,
and other odor eliminating products targeted toward the pet industry.
"PETQUARTERS.COM will offer immediate worldwide distribution for our
products, a feat that would take Ammonia Hold Inc. years to develop."
According to Parnell, "PETQUARTERS.COM by far is the premier internet
store for pet products and services. The graphics and content are
unsurpassed when compared to other internet sites offering similar
products."
The statements made in this release constitute "forward-looking"
statements, usually containing the words "believe," "estimate,"
"project," "expect," or similar expressions. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements inherently
involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. Factors that
would cause or contribute to such differences include, but are not
limited to, changing economic conditions, interest rate trends,
continued acceptance of the Company's products in the marketplace,
competitive factors and other risks detailed in the Company's periodic
report filings with the Securities and Exchange Commission. By making
these forward- looking statements, the Company undertakes no obligation
to update these statements for revisions or changes after the date of
this release.
For more information, please contact Ed Schuchardt with investor
relations at 800-513-9694 or Michael D. Parnell with Ammonia Hold, Inc.
at 501-676-2994.
SOURCE Ammonia Hold, Inc.
-0- 08/13/98 /CONTACT: Michael D. Parnell,
501-676-2994, or Ed Schuchardt, Investor Relations, 800-513-9694, both
of Ammonia Hold, Inc./
(AMHD PDEN)
CO: Ammonia Hold, Inc.; PETQUARTERS.COM ST: Arkansas IN: REA MLM
SU: TNM
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