CENTIV, INC. Planned Acquisitions in California and China -- ``On Track'' to Become an International Multimedia Company.Business Editors PALOS VERDES Palos Verdes is often used to refer to a group of coastal cities on the Palos Verdes Peninsula in the Los Angeles/South Bay area of California. This affluent bedroom community is known for its dramatic views, good schools [1] extensive horse trails [2] , Calif.--(BUSINESS WIRE)--Feb. 13, 2004 CENTIV, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CNTV CNTV Comisión Nacional de Televisión (Spanish, Colombia) ), announced today that its previously announced plans to become a recognizable international multimedia company is, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a company spokesman, "on track" with certain proposed acquisitions in California and China. The Company is pleased to announce that it has entered into negotiations to acquire certain publishing businesses located in California. The Company is further pleased to announce that it has entered into negotiations to acquire certain publishing business interests of CITIC CITIC China International Trust and Investment Corporation Cultural and Sports Industry Co. Ltd. The materialization of these transactions would lead to a firm foothold by the Company in the domestic and Chinese publishing markets. Further, the transaction with CITIC Cultural and Sports Industry Co. Ltd. complements CITIC Cultural and Sports Industry Co. Ltd.'s existing multimedia businesses. The Company believes that by entry into a transaction with CITIC Cultural and Sports Industry Co. Ltd. this would create further opportunities to co-operate with CITIC Cultural and Sports Industry Co. Ltd. and serves as a strategic move for the Company's expansion into the Chinese multimedia market. The Company is in the process of negotiations on these acquisitions and shall announce further developments on these and other activities of the Company. Forward looking Statements in this document that are not historical fact are "forward-looking statements" as that term is defined in 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 are not guarantees of future performance. Our forward-looking statements are based on trends that we anticipate in our industry and our good faith estimate of the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause actual business and results of operations to differ materially from those reflected in our forward-looking statements. These risks are described in the Company's Form 10K/10-Q. |
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