American Boardsports Rescinds Merger Agreement with Beechport Capital.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 21, 2001 American Boardsports Company Inc. (ABCI ABCI Advanced Business Communications, Inc. ABCI Associate of the Business Continuity Institute ABCI Allocated Baseline Configuration Index (USCG) ) announced today that the previously announced merger agreement with Beechport Acquisition Corp., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Beechport Capital Corp. ("Beechport") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEAH), has been rescinded by ABCI. About American Boardsports Company: ABCI designs, markets and manufactures branded consumer products for outdoor active sports. The products consist of skateboards skateboards mini surfboard supported on roller-skate wheels; 1960s craze enjoyed renaissance. [Am. Hist.: Sann, 151–152] See : Fads , snowboards, wakeboards, related accessories and apparel featuring highly recognizable name brands. ABCI is striving to become the leader in action sports retail industry. By manufacturing and delivering quality products, on time, at competitive prices, ABCI believes it can produce long-term customer loyalty and satisfaction. The company has marketed and developed all the brands over seven years and now plans an aggressive sales and acquisition plan to capture its market share. The action sports lifestyle appeals to the majority of the generations "X", "Y" and "I" which are the demographic group of consumers between the ages 8 to 35. This news release may include forward-looking statements concerning the business and future prospects and other similar statements that do not concern matters of historical fact of American Boardsports Company Inc. ("ABCI"). Federal securities laws provide a limited "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. " for certain forward-looking statements. Forward-looking statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc product development, business prospects and development of a commercial market for technological advances are based on ABCI's current expectations. ABCI's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. |
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