CDK Letter of Intent to Acquire Japanese Gaming Company Expires.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Nov. 12, 2002 CDKnet.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CDKX) announced that a letter of intent with Global Leisure Corp. ("Global") expired and that there would not be further negotiations between the parties. Global is a privately held U.S. company that owns and operates a gaming center in Oita, Japan, through a Japanese subsidiary that is licensed for pachinko pa·chin·ko n. A Japanese gambling game played on a vertical pinball machine. [Japanese.] Noun 1. and slot machines. CDKnet is exploring other possible acquisition candidates but is not in a position to disclose details at the present time. 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 under 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: 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. in this release with respect to the CDK's business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond CDK's control with respect to market acceptance, whether financing will be available, as well as certain other risk factors which are and may be detailed from time to time in CDK's filings with the Securities and Exchange Commission. |
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