American Absorbents Natural Products Inc. Announces Termination of Agreement With Centre Capital Corp.Business Editors & Environmental Writers AUSTIN, Texas--(BUSINESS WIRE)--Nov. 30, 2000 American Absorbents Natural Products Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AANP AANP American Association of Naturopathic Physicians. ) (www.aanpi.com), one of the largest holders of Zeolite zeolite Any member of a family of hydrated aluminosilicate minerals that have a framework structure enclosing interconnected cavities occupied by large metal cations (positively charged ions)—generally sodium, potassium, magnesium, calcium, and barium—and water reserves in the nation, announced today that it is suspending its merger discussions with Centre Capital Corp. (OTC BB:CCCX) (www.cccx.net). American Absorbents 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. Robert Bitterli stated "that although the chemistry between American Absorbents and Centre Capital was very strong, the recent drop in Centre Capital's share price, and its inability to meet its initial funding requirements no longer made the deal viable for American Absorbents shareholders." American Absorbents Natural Products From crowded landfills to pollution from incinerators to toxic resins used in manufacturing, the value and demand for environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] products is becoming paramount. American Absorbents will continue to be on the forefront in finding natural and environmentally friendly solutions for the problems of today and tomorrow. American Absorbents strives to create the most advanced, efficient and economical products in its field. It continually seeks additional distribution channels to make its products more accessible to consumers. 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. STATEMENT: Certain statements in this news release may constitute "forward-looking" information within the meaning 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. Such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward statements. Forward-Looking Statements: All statements other than statements of historical fact in this release are forward-looking statements as a result of certain factors including, but not limited to, the effect of business and economic conditions; the impact of competitive products and pricing; and capacity and supply constraints or difficulties. Such statements reflect the current views of the company with respect to future events and are subject to these and other risks and uncertainties and assumptions relative to the operations, results of operations, growth strategy and liquidity of the Company. |
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