Blue Ribbon Ends Merger Talks with Marx Toys.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Michael W. O'Gorman, M.B.A., J.D., Blue Ribbon blue ribbon denotes highest honor. [Western Folklore: Brewer Dictionary, 127] See : Prize International, Inc.'s Chairman and Chief Executive Officer has announced that discussions, initiated under a July 14th, 2004 Letter of Intent, to negotiate a merger of BLRB BLRB Black Liquor Recovery Boiler (paper-manufacturing industry) and Marx Toys and Entertainment, Inc. have been terminated based on a determination by the BLRB's Board of Directors that a merger is not in the best interests of the Company and its shareholders. The BLRB Board's decision was based primarily on Marx Toys product lines not being compatible nor a good fit within Blue Ribbon's restructured and streamlined portfolio of business initiatives and several financial and legal issues that would have a dilatory Tending to cause a delay in judicial proceedings. Dilatory tactics are methods by which the rules of procedure are used by a party to a lawsuit in an abusive manner to delay the progress of the proceedings. impact on BLRB's capital base, earnings, cashflow, net worth and market price. Blue Ribbon International's "New Generation Life Style Company" four operating divisions: Blue Ribbon Hospitality, Blue Ribbon HealthWorks, Blue Ribbon Entertainment and Blue Ribbon Leisure are engaged in consumer marketing, management, licensing, and franchising that address the demands, spending habits, priorities and concerns of contemporary Americans by providing products and services that meet the ever-changing dynamic of the contemporary consumer marketplace. The Company is listed on the "Pink Sheets" in the over the counter market and may be found on most Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the search engines using the symbol BLRB. THIS PRESS 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 27(A) OF THE SECURITIES ACT OF 1933 AND SECTION 21(E) OF THE SECURITIES EXCHANGE ACT OF 1934). BLUE RIBBON INTERNATIONAL, INCORPORATED HAS NO DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO VARIOUS FACTORS. FACTORS THAT COULD CAUSE THESE CONDITIONS NOT TO BE SATISFIED INCLUDE MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR IN BLUE RIBBON INTERNATIONAL'S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR FINANCIAL CONDITION AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED IN BLUE RIBBON INTERNATIONAL'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. |
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