CMKM Enters Reorganization Negotiations.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 14, 2003 Casavant Mining Kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. International (OBB OBB Oberbayern (German: Upper Bavaria) OBB Oriented Bounding Box (computer physics simulation collision detection) OBB Old Blue Box (Ragnarok Online Game) .CMKM) is pleased to announce it has commenced negotiations to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. its business, in conjunction with another Bulletin Board publicly trading company. The details of merger are currently being considered by both Boards and an announcement is expected next week once proposed final share exchange figures are initially approved by the two companies. Shareholders should, however, consider requesting the delivery of their shares to facilitate any proposed exchange. The company presently intends to transfer its contractual obligations to the new entity with the CMKM shareholders becoming shareholders of the second company through an anticipated share exchange. There is no guarantee, however, that this proposed transaction will be consummated, although it is anticipated and welcomed by the Board to identify actual shareholders of the corporation and also to eradicate Eradicate To completely do away with something, eliminate it, end its existence. Mentioned in: Smallpox any professional trading positions that may exist at this time in the Company's stock. Forward Looking Statements This press Release contains forward looking statements as that term is defined by Section 27A of the Securities Act of 1933, as Amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as Amended (the "Exchange Act"). All statements that are included in the Press Release other than statements of historical fact are forward looking statements. Although Management believes that the expectations reflecting in these 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. are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release. 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: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and the ability of the company to manage its operations. |
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