Design 2Connect Inc. Closes Definitive Share Exchange Agreement with Environmental Fiber Technologies, Inc.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Design 2 Connect Inc. (Stock Symbol:DCNT) announced that it entered into and closed a Share Exchange Agreement with Environmental Fiber Technologies, Inc. and its shareholders on March 29, 2006. Pursuant to the agreement, Design 2 Connect has agreed to issue 12,000,000 restricted shares of common stock to Environmental Fiber's shareholders in exchange for all of the issued and outstanding shares of Environmental Fiber. Environmental Fiber Technologies is a pulp and paper company which owns a joint venture company located in Rizhao Rizhao (Chinese: 日照; Pinyin: Rìzhào) is a prefecture-level city in southeastern Shandong province, People's Republic of China. , China which will build the first market deinking paper mill in China. With its joint venture partner Rizhao First Light Industry Corporation, a significant pulp and paper company based in Shandong Shandong or Shantung (both: shän-d  ng) [east of the (Taishan) mountains], province (1994 est. pop. 86,520,000), c.59,000 sq mi (152,850 sq km), NE China. , China, the joint venture company will
manufacture and market pulp, the raw material for paper products, in
China. Environmental Fiber is also a distributor of pulp and paper
products in China and international markets.The following comprise the senior executive management team of Environmental Fiber: Frank J. Keating, Chairman of the Board Stuart R. Polsky, Chief Executive Officer Joseph R. Koletty, Chief Financial Officer Upon receipt of appropriate regulatory approvals, Design 2Connect will change its name to Environmental Fiber Technologies, Inc. and change its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors . This press release may contain certain forward-looking information and statement concerning the company's operations, performance and financial condition. These statements are based upon a number of uncertainties and contingencies Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. , many of which are beyond the control of the company. Actual results may differ materially from those expressed or implied by such 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. . This document is not intended to be and is not an advertisement for any securities of the company. |
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