Biofarm, Inc. Concludes Negotiations to Acquire Minority Interest in Two Additional Concerns.Business Editors LINFIELD, Pa.--(BUSINESS WIRE)--Aug. 14, 2003 Biofarm, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIOF) announced today the completion of negotiations to acquire a minority interest in two additional private companies that will file to become publicly traded. These two companies are in addition to the two that were announced on August 11, 2003. The four companies include (a) an organ transplant organ transplant: see transplantation, medical. preservation company, (b) a supplier of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. to the major home improvement companies, (c) a high-end high-end adj. Informal 1. Appealing to sophisticated and discerning customers: a high-end department store; high-end video equipment. 2. automobile leasing company, and (d) an electronic music distribution company. None of the four requires financial assistance from BIOF. The obtaining by BIOF of the four minority positions is pursuant to the registration by BIOF under Section 54 of the Investment Company Act of 1940. BIOF will be permitted to carry such investments at their respective market values once they become publicly traded. Each of the two new acquisitions will file its own Registration Statement under the 1933 Act as soon as its required SB-2 information is available. The registration of the BIOF shares will permit the distribution of a certain number thereof to the BIOF shareholders as a dividend. Statements in this news release that relate to future plans, events or performance are 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, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. |
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