BillyWeb Corp. Announces a New Business Opportunity.Business Editors PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 22, 2002 BillyWeb Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLYW) is proud to announce a new business opportunity. On the 19th of August 2002, a letter of intent has been signed in order to acquire a natural source of sparkling mineral water. A new business opportunity has been presented to the company in order to diversify and extend its activities and sources of income. BillyWeb Corp. is willing to acquire a natural source of sparkling mineral water, located in the center of France, in the region of Clermont Ferrand, well known for its numerous volcanos, a rare geological area concentrating a high tectonic tectonic /tec·ton·ic/ (tek-ton´ik) pertaining to construction. activity and close to the prestigious site of Vichy. Known as "La Troliere", the source cumulates the highest levels of purity, and fits the highest standards of mineral levels. Thanks to numerous analyses and studies of the source, the water itself and the geological area since 1975 has demonstrated a perfect stability. A 100% safety on all bacteriological bac·te·ri·ol·o·gy n. The study of bacteria, especially in relation to medicine and agriculture. bac·te criteria has been demonstrated as well. On the 3rd of July 2002, the source has been officially authorized for commercial exploitation by the French Ministry of Health, after an extensive six-years agreement procedure. This agreement allows an exploitation of 70,000,000 liters per year. France is worldwide renowned for its high-quality Mineral Waters. The national and international markets have been experiencing constant increase in demand over the past eight years. This rare opportunity of acquisition will help the company to increase its profitability and to develop industrial activity and structure, therefore to insure a higher visibility on a long-term basis. The acquisition price has been fixed to 4,000,000 US Dollars, payable 400,000 US Dollars in cash and 3,600,000 US Dollars in restricted stocks. The company has 90 days to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... due diligences Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and complete the acquisition process. 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 under 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 1955: This release contains 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. |
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