Continental Choice Care, Inc. Awaiting Regulatory Approval.MORRISTOWN, N.J.--(BUSINESS WIRE)--Aug. 3, 1999-- Continental Choice Care, Inc. (Nasdaq:CCCI CCCI Campus Crusade for Christ International CCCI Cebu Chamber of Commerce and Industry (Philippines) CCCI Central Criminal Court of Iraq CCCI Crossroads Christian Communications Inc. ) today advised that, under the terms of its Agreement and Plan of Merger ("Agreement") with TelaLink Network, Ltd., any party to the Agreement is entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: , as of July 31, 1999, to terminate the proposed merger by giving notice of termination to the remaining parties. To date, no party has given any notice of termination. The parties continue to await final regulatory approval of the proposed transaction, the fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. of certain conditions to the proposed merger and the resolution of certain issues among and between the parties to the Agreement and their respective affiliates. No assurance can be given that the transactions contemplated by the Agreement will be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. or, if consummated, the timing of the transactions. Except for historical information contained herein, this press release contains 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. 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. These statements involve known and unknown risks and uncertainties, which may cause Continental's actual results or outcomes to be materially different from those anticipated and discussed herein. There are many factors which could cause the proposed transactions to close or to fail. Readers are encouraged to review Continental's filings with the Securities and Exchange Commission in order to review the full text of agreements referred to herein and to carefully review all cautionary language contained in the filings. |
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