Court Approves Sale of Trust to GWB - USA Inc.CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 12, 1999-- Networks Electronic Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:NWRK) announced today that yesterday a judge of the Superior Court of the State of California for the county of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. approved of the disposition of the Mihai D. Patrichi Trust's interests in Networks Electronic Corp. pursuant to the terms of the definitive merger agreement which Networks Electronic Corp. and GWB GWB George W Bush (US president) GWB Gesetz Gegen Wettbewerbsbeschränkungen (act against restraints of competition, Germany) GWB Geochemist's Workbench (scientific software) (USA) Inc. entered into on July 19, 1999. Such approval of the transaction is one of several conditions to the consummation of the merger. This news 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 Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to significant risks and uncertainties that may cause results to vary from expectations. Such factors include: the possibility of adverse changes in the markets the company serves and other risks and uncertainties regarding the operations of the company that are described in Networks' most recent report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q filed with the Securities and Exchange Commission. |
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