To: Compatriot who wrote (107955 ) 12/18/2002 2:58:04 PM From: Jim Bishop Read Replies (1) | Respond to of 150070 The Buck A Day Company Inc. Prevents Bankruptcy, Removes Directors And Begins New Operations Wednesday December 18, 2:36 pm ET NEWMARKET, Ontario--(BUSINESS WIRE)--Dec. 18, 2002--The Buck A Day Company Inc. (the "Corporation")(OTCBB:BKDYF - News) announced that a representative shareholder of the Corporation, with the support of holders of approximately 60% of the Corporation's outstanding shares and certain of the Corporation's creditors, on December 3, 2002, applied for certain relief to the Ontario Supreme Court of Justice (the "Court"), alleging there had been mismanagement of the Corporation potentially benefiting certain of the Corporation's directors and their respective associates. On December 11, 2002, the Court ruled in favour of the representative shareholder and ordered that: (i) a shareholders meeting of the Corporation be held on January 28, 2003 for the purpose of electing a board of directors of the Corporation; (ii) Edward LaBuick, Dennis LaBuick and Keith Kennedy be removed as directors of the Corporation; and (iii) John Mole be appointed as the sole interim director pending the shareholders' meeting. The previous management of the Corporation terminated all of the Corporation's employees and attempted to file for bankruptcy protection. The Corporation, now under Mr. Moles' direction, is in the process of re-hiring certain of its employees and negotiating financial arrangements with its creditors to permit the Corporation to continue to carry on its business. In addition, Mr. Mole has appointed three significant shareholders of the Corporation, Thomas R.Ambeau, Lewis T. Samuel and Robert W. Crosbie to an advisory board of the Corporation. Mr. John Mole states: "This extraordinary action was taken to prevent the Buck A Day Company from events which would have ruined the company. Buck A Day has achieved great name brand recognition throughout Canada and parts of the northeast United States having successfully provided quality products to over 20,000 loyal Buck A Day customers. In the last week we have restored customer service operations for our customers and plan to begin shipping products to clients by the first of the new year." For further information contact: Buck A Day at buckaday.com or 905.868.9477. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this release that are not historical facts, such as those concerning future plans or objectives relating to the products or services to be offered, the timing associated with such offerings and the performance of such new products and services, are forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from those set forth in the forward-looking statements. Among the factors that could cause actual future results to differ materially are competitive pressures, risks associated with rapid technological change, supply and demand issues and the acceptance of Buck A Day's products. Copyright (C) 2002, The Buck A Day Company Inc. All Rights Reserved. The Buck A Day Company slogan is a registered trademark of The Buck A Day Company Inc. All other trademarks are property of their respective owners. -------------------------------------------------------------------------------- Contact: The Buck A Day Company Inc. Thomas R.Ambeau, 905/868-9477 buckaday.com -------------------------------------------------------------------------------- Source: The Buck A Day Company Inc.