Auteo Media, Inc. Announces Proposed Joint Venture.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Auteo Media, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AUOM) ("the Company") announced that it is engaged in preliminary negotiations to acquire for its securities a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in an energy (methanol) project being developed by a joint venture in Indonesia. The business combination would be subject to the Company completing its investigation of the viability of the project, obtaining construction financing for the project and may be subject to shareholder approval to increase the authorized and unissued stock unissued stock n. a corporation's shares of stock which are authorized by its articles of incorporation, but have never been issued (sold) to anyone. They differ from "treasury stock," which is stock that was issued and then reacquired by the corporation. of the Company's and to change the name of the Company to a name related to the Company's business operations. The business combination may also be subject to the approval of the members of the joint venture, pursuant to the terms and conditions of the joint venture agreements. The Company anticipates that all conditions precedent to entering into a definitive agreement concerning the business combination and transaction should be completed prior to February 15, 2005 and that the definitive agreement will provide for a closing in accordance with the provisions of said agreement. Forward-Looking Statements: 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 provides a 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 forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to the above potential acquisition, beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, inability to complete the acquisition, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. Auteo Media, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AUOM) |
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