American Enterprise Development Corporation to Acquire Havoc Distribution, Inc.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Enterprise Development Corporation, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AEND) announced today the execution of a letter of intent for the acquisition of all of the issued and outstanding shares of common stock of Havoc Distribution, Inc. and El Pegasu Services, Inc. to take place through an exchange of newly issued shares of AEND for the issued and outstanding shares of Havoc and El Pegasu Services. The Agreement is subject to the approval of the Board of Directors and the shareholders of AEND and to the agreement of the Parties to a definitive exchange agreement to be entered into upon the completion of an audit of Havoc by AEND's auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together . Havoc Distribution, Inc. owns the rights to a line of energy drinks licensed under the "Havoc" energy drink brand. El Pegasu Services, Inc. is a development stage company that expects to be licensed to perform mortgage banking services in the State of Texas in 2006. AEND is a Texas business development company focused on investments in early stage enterprises and on providing significant managerial support to its portfolio companies. 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: This news release contains certain "forward looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations. |
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