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Company Press Release
PDC Innovative Industries Inc. in Dispute Concerning Certain Shares
CORAL SPRINGS, Fla.--(BUSINESS WIRE)--Sept. 11, 1998--PDC Innovative Industries Inc. (PDCI) announced Friday it is involved in a dispute concerning 1.2 million shares issued.
After consultation with company attorneys, certain stock transactions involving a Chicago Promotional Company and a Canadian Broker/Dealer, Investment Firm, were canceled. PDCI has decided to cancel and rescind the shares based on breach of contract and other rights violated. Management made a point of stating it would vigorously pursue legal action to protect the company.
The company continues to restructure the production schedule to accommodate an earlier appearance for the Hypo-Sterile 2000, a device that deals with the removal safely of contaminants from the medical field.
The company designs, develops and manufactures newly invented products and medical devices that are Patented or Patent pending.
NOTE: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competition, continued acceptance of the company's products and services, fluctuations in stock price and liquidity, fluctuation in operating results and other risks detailed from time to time in the company filings with the Securities and Exchange Commission.
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Contact:
PDC Innovative Industries Inc., Coral Springs
Mike Hiler, 954/341-0092
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