CDC Systems Inc. Issues Corrective Press Release.DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Systems Inc. (Pink Sheets:CPYJ), in a press release dated Sept. 27, 2004, announced its order for CDC compressors to be used on ten of Burlington Burlington, town, Canada Burlington, town (1991 pop. 129,575), SE Ont., Canada, on Lake Ontario. First settled (1798) by Mohawk Loyalist Joseph Brandt, Burlington's economy was built on the shipment of wheat, lumber, and quarried rock by waterway. Resources' gas wells which would result in estimated annual revenues of $198,000. This press release was inaccurate. Burlington Resources Burlington Resources, is an American oil and gas company. Their headquarters are in Houston, Texas. Based in Houston, Texas, BR has major offices located in Calgary, London, Farmington, Midland and Fort Worth. has not placed any orders or entered into any contracts with CDC Systems Inc. CDC Systems Inc. is not presently in discussions with Burlington Resources to provide them any test compressors. The Company also announces today that, on Oct. 19, 2004, it received notice of an inquiry from the Securities and Exchange Commission ("SEC") requesting that the Company voluntarily provide the SEC certain information and documentation. The Company's management is fully cooperating with the SEC in order to satisfy any and all questions. In addition, the Company is currently reviewing all of their prior press releases with outside counsel for their accuracy and completeness and intends to issue any clarifying press releases necessary to ensure the accuracy of the information currently available to the investing public. CDC Systems Inc. develops new technology applicable to the oil/natural gas industry on a worldwide basis. The company not only combines its technology and expertise to convert marginal, nonprofitable wells into profitable producers, but by adding the methods of application and customizing technology to the M1 & L1 series are able to be extremely competitive in the traditional market. This market commonly focused on by most compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve companies is currently 25,000 and growing by 3,000 every year. 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: This 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. ." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company, ability to obtain financing, the outcome of the SEC inquiry and market valuations of its stock, which could cause actual results to differ materially from those anticipated. For more information about CDC Systems Inc. go to www.cdc-systems.com |
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