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To: Ron Reece (4379 ) From: Icabod Tuesday, Sep 8 1998 7:53PM ET Reply # of 4380
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Tuesday September 8, 3:06 pm Eastern Time
Company Press Release
Amazon Natural Treasures Files Suit in U.S. Federal Court for Return of 4,480,000 Free Trading Shares
Company in Final Negotiations for Distribution in Middle East and Plans Nationwide Retail Sales Program
LAS VEGAS--(BUSINESS WIRE)--Sept. 8, 1998-- Amazon Natural Treasures, Inc. (OTC BB: AZNT - news) today announced that the Company has filed suit in the United Stated Federal Court, Case Number CVS9801247LDG (RLH), for the return of 4,480,000 free trading shares. When the shares are returned to the Transfer Agent for cancellation, the Company will be able to enter into the next phase which will involve AZNT's stockholders who have purchased free trading shares request physical delivery of their certificate(s). The Company will provide further instructions after the hearing to be held on September 10, 1998.
Recent Strategic Alliances/Distribution Agreements/International Expansion
Concurrently, the Company announced that is in final contract negotiations with Al-Jenfawi General Trading Co. representing the Middle East for the sale and distribution of Amazon's entire product line. Amazon is targeting its TOUCH OF NATURE and Phytogenics Dietary Supplements products to 2,000 retail outlets nationwide. The Company has produced a ''stevia'' powder with the same taste as cane sugar that will be sold only in Canada. This product has been approved for sale and will be available in all retail/health food stores throughout Canada.
Except for historical data, matters discussed in this release are forward-looking statements, as it is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to, product and technology development, demand, impact of competitive products and pricing, market acceptance, as well as availability of human and financial resources; which may cause actual results to differ materially from those expressed in any forward-looking statements made on or behalf of Amazon.
Contact:
Investor Relations - Cynthia DeMonte 212/473-3700
More Quotes and News: Amazon Natural Treasures Inc (OTC BB:AZNT - news) Related News Categories: banking, medical/pharmaceutical, retail
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Amazon Natural Treasures (OTC: AZNT) Time: 3:40PM Last Trade 1 33/64
Change + 13/64 (+15.48%)
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