SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?


To: john b who wrote (6375)3/15/2002 4:08:55 AM
From: CAYMAN  Read Replies (1) | Respond to of 6467
 
Duro Enzyme Products Inc. Board of Directors

Has the President of DEPI resigned? That being, Robert L. Jackman, Ph.D. Kindly notice his name is clearly absent on the latest PR. I am with the understanding that this is the case. Could you please confirm? Thanks…

If this departure is factual, why is there no SEC Filing and/or News Release stating so? Furthermore, Dr. Jackman was a strong support of René and all of his dealings. Has there indeed been a parting of the ways? Is there trouble in paradise?

Just curious and shocked. I can’t think of anyone who doesn’t get along with ‘The Great Man’ while mounted on his Black Stallion.

Cayman

DURO ENZYME PRODUCTS INC - Bruden Acquisition Nears Completion

New York, New York, Mar 12, 2002 (Market News Publishing via COMTEX) -- DURO ENZYME PRODUCTS INC. (the "Company") is pleased to announce that the acquisition of Bruden Steaming and Vac Services Ltd., is scheduled to conclude on March 15, 2002.

Bruden is an Alberta-based private corporation that provides industrial services to commercial, environmental, oil and gas, and agricultural industries. As announced January 19, 2002, Duro has structured the transaction as an acquisition of all of Brudens outstanding stock by Duro Enzyme Solutions Inc., a wholly owned subsidiary of the Company. The Company will provide consideration for the transaction by issuing 60,000,000 shares of DEPI common stock (post-split basis) to Bruden's shareholders at closing.

As announced on February 6, 2002, the Company has declared a 20-for-1 stock split. Shareholders of record on March 04, 2002 will receive 19 additional shares of common stock for every share owned. The additional shares will be distributed by the Company's transfer agent on March 08, 2002. The Company's shares will be quoted on a post-split basis beginning Monday, March 11, 2002.

The Company's CFO, David H. Kirske has resigned his position as acting CFO and Mr. Kirske will be available to assist the Company during this transition period.

Forward-Looking and Cautionary Statements:

Certain statements contained herein, including, without limitation, statements containing the words "believes", "intends" and other words of similar import constitute "forward-looking statements" within the meaning of Section 27A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Duro Enzyme Products Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Duro Enzyme Products Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC.

"Perry Smith"

Perry Smith, Director

CONTACT: TEL: 604/888-6797 Perry Smith, Duro Enzyme Products Inc.

MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.

(C) 2002 Market News Publishing Inc.

KEYWORD: New York, New York

News is provided by Financial Insight Systems, Inc.