Bikini Team International Inc. and SBMB Group Inc. Announce Termination of Letter of Intent to Acquire SBMB Group Inc.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--Feb. 4, 2004 Bikini Bikini (bēkē`nē), atoll, c.2 sq mi (5.2 sq km), W central Pacific, one of the Ralik Chain, Marshall Islands. It comprises 36 islets on a reef 25 mi (40 km) long. Team International Inc. ("Bikini" or the "company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BIKN) announced the termination of a Letter of Intent to acquire SBMB SBMB Supervisory Bus Monitor Buffer Group Inc. ("SBMB"), previously disclosed on Jan. 27, 2004, by mutual consent of the parties. Bikini will also rescind To declare a contract void—of no legal force or binding effect—from its inception and thereby restore the parties to the positions they would have occupied had no contract ever been made. rescind v. the planned 20-for-1 forward split of its outstanding securities contemplated in connection with the planned acquisition, along with a name change. This press release does not constitute an offer of any securities for sale. This press release may contain 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. , including the company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the company's plan of operation, changes in the company's anticipated earnings, continuation of current contracts, changes in gaming and other applicable regulations, and other factors detailed in the company's filings with the Securities and Exchange Commission, including its most recent Registration Statement on Form 10-SB of the Securities and Exchange Commission, and Form 10-QSB Quarterly Reports. In addition, the factors underlying company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. the updates to the investing public. |
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