C/GRIP Inc. Agrees to Acquire Private Coal Company Owning Low Sulphur Coal Deposits in Utah.TULSA, Okla.--(BUSINESS WIRE)--Sept. 1, 1998--C/GRIP Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GPIP GPIP general-purpose IP GPIP Glide Path Intercept Point (aviation) GPIP General Purpose Image Processor GPIP Graduate Preparation Internship Program GPIP Genetics and Public Issues Program ) has agreed to acquire all the capital stock of Green River Coal Inc., a privately owned company that owns coal leases in Wayne County, Utah Wayne County is a county located in the U.S. state of Utah. As of 2000 the population was 2,509, and by 2005 had been estimated to decrease to 2,450. Its county seat is Loa6. , in exchange for 13,216,448 investment shares of common stock of C/GRIP, announced Richard Cohen Several people are named Richard Cohen:
or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. . Green River Coal Inc. will be operated as a wholly-owned subsidiary of C/GRIP. C/GRIP will change its name to Worldwide Energy Inc. and, after the closing, be managed by a group headed by William W. Moon, Sr. of Las Vegas, Nev. Green River Coal does not yet have a contract to mine or sell any of its coal reserves, Cohen stated, but its management is actively pursuing this matter. C/GRIP's past activities have been devoted to organizing a business of providing services that enable parents to respond to lost-child situations. These activities have not proved profitable and have been placed in a new, wholly-owned subsidiary, named Advanced Concept Technologies Inc. ("ACT"). The present management of C/GRIP will manage the activities of ACT, Cohen said. Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "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. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. C/GRIP disclaims any intent of obligations to update these forward-looking statements.
CONTACT: C/GRIP Inc.
Richard Cohen, 918/492-9313
or
Green River Coal
Thomas J. Kenan, 405/235-2575
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