Black Dragon Announces Loi to Acquire Skyline Records.Business/Entertainment Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 27, 2001 Black Dragon Entertainment Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BLDG BLDG Building ) is pleased to announce that it has signed a letter of intent to acquire one hundred percent of the issued and outstanding shares of Skyline Records Inc., of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA ("Skyline") from Mr. Dan Tartaglia, under the following consideration and conditions: 1. Issue to Dan Tartaglia a total of two million common shares of its capital stock, restricted pursuant to Rule 144 at a deemed value of $0.50 per share; 2. Pay Tartaglia $2 million royalty from future Net Earnings; 3. Allocate 20 million performance based restricted common shares of the capital stock of BLDG to be issued to Tartaglia once BLDG has earned $20 million in Net Earnings; 4. BLDG to cancel a total of 8,460,000 restricted common shares held by Canasia Data Corporation. After the above transactions are concluded, and the financing of 4 million shares previously announced has completed, the total issued and outstanding capital stock of BLDG will be 14,200,000 common shares, with 20,000,000 performance shares reserved for future issuance. As part of the acquisition, Dan Tartaglia has been appointed Director and Chief Executive Officer of BLDG. Mr. Tartaglia, founder of Skyline, has over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience dealing with publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. as a trader, investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and financier. This, coupled with his acquired knowledge of the entertainment industry, brings significant benefit to the shareholders of Black Dragon Entertainment. The acquisition of Skyline establishes BLDG with a solid foundation in the music industry. Management is now focused on the development of the Skyline label and the launch of its upcoming release of the "Liquid Paper" album by music recording artist Johnny Rourke, known as `White Out'. Mr. Paul Holbrook, Director, has been appointed President. Mr. Ian Lambert Dr Ian Peter Morrison Lambert (11 October 1960 - ) is the Australian-born Principal of The Scots College, a Sydney GPS School, and an educational author and editor.[1] Early life Lambert was born in Sydney, the son of Alan Sydney Morrison Lambert. will become CFO See Chief Financial Officer. and Corporate Secretary. Ian D. Lambert, Secretary For Information, call David Eaton at De Jong De Jong is the most common Dutch surname. Many people bear this name, including many important historical figures. Some of these people are mentioned below. De Jong may mean:
Visit our Websites: www.blackdragonentertainment.com www.whoiswhiteout.com www.bravado.com www.dejong.org Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Black Dragon Entertainment Inc.) contains statements that are forward looking, such as statements related to the future anticipated direction of the entertainment industry, plans for future expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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