Capitol Group Holdings Corp. Signs Letter of Intent to Be Acquired by Nova Communications.Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--Feb. 13, 2003 USM USM abbr. 1. United States Mail 2. United States Mint USM n abbr (= United States Mint) → US-Münzanstalt (= United States Mail) → US-Postbehörde Capital Group, the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. subsidiary of U.S. Microbics (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BUGSE), today announced that Capitol Group Holdings Corp. has signed a letter of intent to be acquired by Nova Communications Ltd, (OTCBB:NCVM NCVM National Council of Visible Minorities (federal employee volunteer organization; Canada) ). Capitol Group Holdings Corp. is a client of USM Capital Group and has been previously announced as a spin-off dividend for BUGS shareholders of record as of July 3, 2002. Capitol Group Holdings Corp. is a real estate business development company with more than $4.5 million in land assets to be developed. Terms of the Letter of Intent were not disclosed, and the terms of the deal are currently being negotiated. For more information, visit http://www.capitolghc.com. Nova Communications is also a financial services client of USM Capital Group. Over the last several months, USM Capital has assisted Nova Communications in developing and evaluating merger and acquisition opportunities. Conrad Nagel, USM Capital president noted, "We are delighted to bring the two parties together under a letter of intent, serving as a basis to move forward with further negotiation. Strategically, this appears to be a perfect fit and presents a win-win situation for all parties involved, including BUGS shareholders who are scheduled to receive a dividend distribution in Capitol Group Holdings." About U.S. Microbics Inc. & USM Capital Group U.S. Microbics is a business development and holding company that facilitates and develops the deployment of environmental technologies through its two divisions, USM Solutions and USM Capital. The Company has holdings in more than eight corporations, including five majority owned subsidiaries. For further information about U.S. Microbics and USM Capital, contact Justin Keener of USM Capital Group at 760/918-1860, ext. 128 or investor@bugsatwork.com; or learn about the company by visiting its Web site at www.bugsatwork.com. To join the company's mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new , please send your name and email address See Internet address. or fax number to investor@bugsatwork.com. The information contained in this press release includes 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. . Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request. |
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