Brimm Energy Corp. engaged in preliminary merger discussions: advises there is no assurance an agreement will be reached.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 17, 1996-- Further to its announcement of Sept. 4, 1996, where Brimm Energy Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRIMF) appointed a financial advisor to seek out and evaluate opportunities to increase long term shareholders' value, the company today announced it is engaged in preliminary merger discussions with a privately held oil and and gas exploration company. "Discussions are in a very early stage and there can be no assurance an agreement will be reached. The board of directors is still conducting its due diligence 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 will be seeking the advice of its financial and legal advisors before entering into a Letter of Intent," stated Daniel J. Brimm, president. Brimm also stated that it is encouraging that the price of corn has fallen sharply in the last week and as a result major ethanol producers have recently announced that they will be back in production. Brimm's ethanol plant is scheduled, and on track, to reopen in the 4th quarter of 1996. The company and the ethanol industry is also receiving record prices for ethanol due to scarce supply and demand created by the Clean Air Act. Brimm Energy Corp. is engaged in the manufacturing and distribution of fuel grade ethanol for use as a gasoline additive Gasoline additives increase gasoline's octane rating or act as corrosion inhibitors or lubricators, thus allowing the use of higher compression ratios for greater efficiency and power, however some carry heavy environmental risks. in the Rocky Mountain and Northwestern regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Ethanol is an alcohol, primarily distilled from grain. A 10 percent ethanol blend with gasoline serves to reduce the carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; and hydrocarbon particulate emissions of combustion by up to 25 percent, while also increasing the octane rating Noun 1. octane rating - a measure of the antiknock properties of gasoline octane number quantity, measure, amount - how much there is or how many there are of something that you can quantify of the fuel. On behalf of the board of directors of BRIMM ENERGY CORP. Daniel J. Brimm President and Director -0- The contents of this news release have neither been approved nor disapproved by the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). or NASDAQ CONTACT: Brimm Energy Corp. Daniel J. Brimm, 604/684-4830 604/685-4835 (fax) |
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