Cabec Energy Corp. Reports: Agreement reached to buy Pace Plastic Pallets Inc.DALLAS--(BUSINESS WIRE)--March 23, 1999-- Cabec Energy Corp. Is Buying Pace Plastic Pallets Plastic pallets are pallets made of plastic. Plastic pallets are more widely used in Europe than in the rest of the world. Plastic pallets are often chosen over traditional wood pallets because they offer benefits which wood can not. Inc. In a meeting this morning in Norman, Okla., Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael John of Cabec Energy Corp (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CBNR CBNR Chemical, Biological, Nuclear and Radiological CBNR Community Based Neighborhood Retail CBNR Certified But Not Recommended ) and Chairman Paul Kruger For ship, see . Stephanus Johannes Paulus Kruger (October 10, 1825 – July 14, 1904), better known as Paul Kruger and fondly known as Oom Paul (Afrikaans for "Uncle Paul") was a prominent Boer resistance leader against British rule and president of the of Pace Plastic Pallets Inc. reached an agreement that Pace Plastic Pallets Inc. will accept the proposal of Cabec to buy Pace Plastic Pallets Inc. Cabec and Pace are finalizing the necessary contracts and hope to close the transaction before end of March. After the transaction is closed Cabec Energy Corp. owns 100% of Plastic Pallet Production Inc. 20% of Vimonta AG 100% of Pace Plastic Pallets Inc. (contracts pending). As soon the final contract is signed Cabec will release further details on this transaction. All agreements and contracts between Pace Plastic Pallets Inc. and Plastic Pallet Production Inc. will stay the same. This information should not be used to sell or by Cabec stock. This News Release gives Company future view which could change. Buying stock is a risk, which could result in losses. Every one buying stock is doing this at his or her own risk. For further information Visit Cabec's or PPP's web site at: http://www.cabec.com http://www.ppplastic.com |
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