Chill Tech Industries, Inc. Makes Announcement On Update and Clarification On Asset Acquisition.CARSON CITY, Nev.--(BUSINESS WIRE)--May 12, 1999-- The Board of Directors of Chill Tech Industries, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CHIL CHIL Current Hogging Injection Logic CHIL Consolidated Hazardous Items List ) have today voted not to pursue the acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. as detailed in a March 7th 1999 news release. Based on the fact that due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. regarding the possible acquisition of four million dollars worth of assets has garnered unsatisfactory results, the Board of Directors believes that it is not in the best interest of Chill Tech Industries shareholders to pursue this any further. The Company shall continue to review opportunities which are strategically beneficial to the growth of the company. Chill Tech Industries, Inc. is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. licensee for the "Arctic Can", a technologically feasible environmentally friendly beverage cooling device, designed and developed by the Will-bes & Co., Ltd. of Seoul, South Korea. For further information about Chill Tech Industries Inc., and the "Arctic Can", please visit our web site at www.chilltech.com. The above statements regarding the business of Chill Tech Industries, Inc. are not purely historical rather are 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, including Chill Tech Industries, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to Chill Tech Industries, Inc. as of such date. It is important to note that actual outcome and actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative and marketplace changes. |
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