Biologix Disavows False Press Releases.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BW HealthWire)--Nov. 1, 1999-- Biologix International Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BGIX) Monday announced that it has come to the attention of its management that an outside party has issued press releases falsely representing their source as Biologix. Specifically, Biologix International Ltd. and its management did not issue the following press releases: "BIOLOGIX Shareholders Call for Annual Meeting" Oct. 6, 1999 "MUSIX Makes Bid to Buy Biologix" Oct. 28, 1999 These press releases were not issued by Biologix nor by any current officer, director, or employee of Biologix. Shareholders of Biologix and members of the public should not rely on any information in these press releases. The press release, "BIOLOGIX Shareholders Call for Annual Meeting," dated Oct. 6, 1999, announces a Biologix shareholder meeting on Nov. 8, 1999 at the company's executive offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . A Biologix shareholder's meeting is not currently scheduled. Any meeting held on this date will not be a valid shareholder meeting, and any action taken at such meeting will be null and void. Biologix is currently in the process of concluding its previously announced share exchange with thehealthchannel.com Inc. (OTCBB:THCL). Once this exchange is concluded, the Biologix Board of Directors intends to announce the company's valid, properly noticed Annual Shareholder Meeting. Every Biologix shareholder will be given notice of this meeting by mail. In addition, the executive offices of Biologix are no longer in San Francisco; they are located at 5000 Birch Street Birch Street may refer to:
The press release, "MUSIX Makes Bid to Buy Biologix," dated Oct. 28, 1999, claims that the MUSIX Corp. has made a bid to acquire Biologix. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this press release, the chairman of MUSIX is an individual named Michael Grandon. The release states that the Boards of both thehealthchannel.com and Biologix are "reported to be resisting the deal." This statement is false. The Boards of thehealthchannel.com and Biologix have never been approached regarding this "deal." Grandon was president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Biologix before being removed by the Biologix Board of Directors on July 23, 1999. Grandon is no longer an officer, director, employee, agent, or independent contractor A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. of Biologix. The management of Biologix is endeavoring to take appropriate action to stop any future releases of false and unauthorized information. 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 Included in this press release 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, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. Source: Biologix International Ltd. |
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