Denmans.com, Inc. Announces Termination of Current Business Operations.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 16, 2001 Denmans.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DNMN) (http://www.dnmn.com), a leading online jeweler (http://www.denmans.com), regrets to announce that it has closed its website and ceased its current operations. Despite the Company's accomplishments and acclimations to date, it is unable to obtain additional funding to enable it to continue operations. The Board of Directors of Denmans.com, Inc. has decided that it is in the best interests of the corporation to terminate its current business activities and to explore strategic alternatives for the Company, which may include a merger, asset sale, investment in the Company or another comparable transaction or a financial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and financings. As a result, the Company's website has ceased operations and all employees of the Company's subsidiaries, Denmans Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. (Canada) Inc. and Denmans Jewelry (USA) Inc. have been given job elimination notices. Denmans will go through an immediate reorganization in order to enable the Company to continue to pursue Merger and Acquisition Opportunities as set out by the Company's Press Release of December 28, 2000. As part of the reorganization, Denmans.com, Inc. has accepted the resignations of Terry G. Bowering, Nancy Pier Sindt, Brigette von Engelbrechten and Drew C. Parker from the Board of Directors. In addition, the Company has accepted the resignation of Kurt S Kurt is a given name. Its principal English variant is Curt, while others include Cord, Curd, and Kort. It originated as a short form of Curtis, Konrad (Conrad), and Kunibert. . Dohlen from the office of President and Chairman of the Board. Douglas N. Bolen has assumed these positions.
All inquiries should be directed to the Company at:
Suite 1620
1140 West Pender Street
Vancouver, British Columbia, Canada
V6E 4G1
(604) 684-9461
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. Statement under 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: This 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 21E of the Securities and Exchange Act of 1934, including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. Forward-looking statements include statements regarding the size of the Company's market opportunities in various segments, the demand for jewelry goods on the Internet and the Company's relative competitive position. All forward-looking statements are based upon information available to the Company as of the date of the statement, and the Company assumes no obligation to update any such forward-looking statement. The potential risks and uncertainties that could cause actual results to differ materially include, but are not limited to, the Company's limited operating history, which makes forecasting difficult; the Company's ability to achieve sales growth that exceeds growth in operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. ; seasonal fluctuations in purchases of jewelry goods; the Company's ability to plan for customer demand, source product and adjust inventory levels accordingly; customer interest in the purchase of new categories of jewelry goods on the Internet; the failure of systems associated with order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment ; changes in product mix; continued competitive factors and pricing pressures; and market responses to pricing actions and promotional programs. Actual results could differ materially from the Company's current expectations. Further information on the factors and risks that could affect the Company's financial results are included in its filings with the Securities and Exchange Commission, including the quarterly reports. |
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