Adventure Minerals Inc. Acquires Planet Earth Recylcing Inc. -- Shifts Business From Mineral Exploration to Recycling Products and Services.Business Editors LAS VEGAS--(BUSINESS WIRE)--Sept. 21, 2000 Adventure Minerals Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVML) acquired Planet Earth Recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. Inc. (PERI) pursuant to a merger that closed on Sept. 19, 2000 and was effective Sept. 20, 2000. As a result of the merger, PERI shareholders received 10,000,000 restricted shares of Adventure Minerals common stock. No money or other consideration was paid in connection with the merger. Following the merger, Adventure Minerals Inc. has 20,315,000 shares of common stock issued and outstanding. Planet Earth Recycling Inc. PERI was formed in November, 1999, in the State of Nevada. Planet Earth is involved with and focused on technologies, systems and services for recycling all forms of waste materials. PERI is an integrated, multi-faceted business, with the expertise and resources to provide systems, technologies and business programs to address the full range of recyclable re·cy·cle tr.v. re·cy·cled, re·cy·cling, re·cy·cles 1. To put or pass through a cycle again, as for further treatment. 2. To start a different cycle in. 3. a. materials, including glass, plastic, paper, cardboard Cardboard is a generic non-specific term for a heavy duty paper based product. Paperboard
Paperboard is a paper based material. It is often used for folding cartons, set-up boxes, carded packaging, etc. , metals and particularly organic wastes such as food wastes, sewage and paper sludges, as well as manures. Concurrent with the merger, the Board of Directors of Adventure Minerals resigned and appointed three new members to the Board. The new Directors and Officers are: Don Dick, Director and Chairman; Frank Andre, President; Gary Martin Gary Martin may refer to:
Adventure Minerals Inc. will be seeking shareholder approval to change its name to Planet Earth Recycling Inc. to reflect the decision to focus the Company's business activities on recycling technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and and services. Certain statements contained herein are "forward looking statements" (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such "forward looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such "forward looking statements" include but are not limited to, competitive factors, general economic condition, customer relations, relationships with vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. On Behalf of the Board of Directors of: Adventure Minerals Inc. "Frank Andre" Frank Andre President For More Information Regarding ADVENTURE MINERALS INC. OR PLANET EARTH RECYCLING INC. Please Contact: Planet Earth Recycling maintains its Head Office at: 435 Martin Street, Blaine, WA 98230 Tel: 360/332-1350 |
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