AmeriResource and Merger Candidates Agree to Extend Closing Deadline Till January 31, 2000.Business Editors DES PLAINES Des Plaines, city, United States Des Plaines (dĕs plānz), city (1990 pop. 53,223), Cook co., NE Ill., a suburb of Chicago on the Des Plaines River; inc. 1925. Among its manufactures are chemicals and electronic equipment. , Ill.--(BUSINESS WIRE)--Jan. 25, 2000 Delmar Janovec, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AmeriResource Technologies, Inc. (ARET A`ret´ v. t. 1. To reckon; to ascribe; to impute. ); Jimmy Krapf, Chairman of Krapfcandoit Company (Krapf); George Wilson George Wilson is a human name, and may refer to:
Mr. Janovec, Chairman &CEO, commented, &uot;The merger transaction is almost complete at this time. The lawyers are working very diligently in completing the transition of a large number of tangible real estate assets. The complexity of the transaction is such that it is best if all parties agree on a mutual date to close the transaction. At this time, extensive cooperation is present amongst the management teams and we are all very positive about the future working relationships that have developed to date. It is best for our shareholders if we proceed as one management team versus independent units. As a sign of good faith, all parties felt it was best to complete the mergers in a cooperative manner illustrating the cohesiveness and unison that has developed amongst the management teams to date. We have completed an extensive review of our business plan for the coming year. Our business plan will remain focused on implementing our assisted care living facility roll-outs (Crestwood Villas product); completing existing continuing care continuing care a professional convention that a veterinarian who is treating an animal is obliged to continue treating that case unless an arrangement is made with its custodian to transfer the care to another practitioner or to a specialist. retirement communities and implementing numerous new opportunities in the CCRC Noun 1. CCRC - an agency in the Department of Defense that is a national center for research on all aspects of injury control and casualty care Casualty Care Research Center market that have been presented to us; strategic expansion of our hotel and resort division; further exploration of opportunities involving living service environments; and additional strategic acquisitions of companies with excellent management teams or a core of assets we feel will enhance our asset base.&uot; Mr. Janovec further stated, &uot;The response from our shareholders has been overwhelming to date. Our shareholders will be very pleased with our financial progress and the fact that our efforts have focused on building our Company asset base and integrating an excellent management team to guide this Company forward on an aggressive business plan to realize our goal of becoming a national leader in senior citizen living services and other living service environments.&uot; Statements in this press release, include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that include risk and uncertainties. The forward-looking statements in this press release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market certain products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. |
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