Datigen.com Inc. Divests Software Business.Business Editors/High-Tech Writers PROVO, Utah--(BUSINESS WIRE)--Nov. 3, 2000 Datigen.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DTGN) Friday announced that the company executed a reconveyance The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt. reconveyance n. agreement with Datigen's president (Steve Lloyd) that reconveys all computer software, domain names, and related items originally acquired from Lloyd in January 2000 in exchange for the return of 200,000 shares of the company's common stock. After the surrender of Lloyd's shares, the company has 625,000 shares outstanding and will concentrate its business of short term real estate lending. In addition, the board of directors accepted Lloyd's resignation as president and director of the company on Nov. 1, 2000. The company's board appointed Joseph Ollivier as president and Tracy Livingston as chief financial officer and secretary. Ollivier and Livingston are both current directors of the company along with Josh JOSH Joshua JOSH Job Scheduling Hierarchically James. 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 ("Act") provides a 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 forward-looking information made on behalf of the company. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to acquisitions, financial performance or operating strategies, can be identified as 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. . Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements. |
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