Pitbull and all
Here is the newsrelease we all have been waiting for.
To: All Media
From: C/GRIP: INC. (OTC BB; GPIP)
Date: August 26, 1998
C/GRIP: INC AGREES TO ACQUIRE PRIVATE COAL COMPANY OWNING LOW SULPHUR COAL DEPOISTS IN UTAH
August 26,1998 . . . C/Grip: Inc (OTC BB: GPIP) has agreed to acquire all the capital stock of Green River Coal, Inc., a privately owned company that owns coal leases in Wayne County, Utah, in exchange for 13, 713 acres of coal and have recoverable reserves of 47 million tons of low sulphur coal according to engineering reports. Closing of the transaction should occur by September 15, 1998, said Cohen.
Green River Coal, Inc. will be operated as a wholly owned subsidiary of C/Grip. C/Grip will change its name to worldwide energy, Inc. and, after the closing, be managed by a group headed by William W. Moon, Sr. of Las Vegas, Nevada. Green River Coal does not yet have a contract to mine or sell any of its coal reserves, Cohen stated, but its management is actively pursuing this matter.
C/Grip's past activities have been devoted to organizing a business of providing services that enable parents to respond to lost-child situations. These activities have not proved profitable and have been placed in a new, wholly-owned subsidiary, named Advanced Concept Technologies, Inc.("ACT"). The present management of C/Grip will manage the activities of ACT, Cohen said. |
