Career Worth Inc. Acquires AALL Finished Construction Inc.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--April 9, 2002 Career Worth Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRWO) Tuesday announced it has acquired the common stock of AALL AALL American Association of Law Libraries AALL Association for Academic Language and Learning (Australia) Finished Construction Inc. This agreement, dated March 25, 2002, further launches Career Worth's strategy in its land development and home-building division. AALL Finished's focus is in building economical, single family units and commercial office buildings. AALL Finished Construction Inc. is a construction company involved with building low to moderate twin and single family homes. It recently acquired seven twin home lots (14 units) in North Ogden, including a $900,000 construction line of credit, and is closing on another 12 twin home lots (24 units) in northern Utah. It is also positioned to purchase 20 single family home lots in Utah County. AALL Finished Inc. will strengthen Career Worth as it expands its construction division by moving into commercial "strip mall strip mall n. A shopping complex containing a row of various stores, businesses, and restaurants that usually open onto a common parking lot. Noun 1. " construction. Currently, AALL Finished is in negotiations for 16 acres of commercial property in northern Utah. Career Worth Inc. is a public company with multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious industry sectors, including: a leading-edge provider of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and Internet tools that assists companies in achieving their employment objectives; a full-service, totally integrated, employment and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. solution company that primarily focuses on the Internet as a delivery method for systems and information; a development and construction division specializing in strip mall development and home construction. Career Worth also is majority owner of Internet Eye Doctor, an eye wear provider that provides glass frames, accessories, and contacts via the Internet at discount prices. Currently operating in Utah, Internet Eye Doctor is in the process of expanding to four additional states and expects to compete aggressively with other known Internet eye wear providers, such as 1-800-Contacts. Forward-looking statements: This news release contains certain "forward-looking" statements within the meaning of 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, which provides a new "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. " for these types of statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the company's expectations for growth, estimates of future revenues, expenses, profits, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the company's product categories and for the industries in which the company operates, or any other guidance on future periods, these statements are forward-looking statements. Career Worth does not assume any obligation to update forward-looking statements. |
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