Dicut Inc. Announces Letter of Agreement to Purchase Cutting Edge Shape CD Inc.Business Editors PROVIDENCE, R.I.--(BUSINESS WIRE)--Aug. 15, 2001 DICUT, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DCUT). Dicut, Inc. is pleased to announce the signing of a Letter of Agreement to purchase 100% of the shares of Cutting Edge Shape CD Inc. in exchange for 6 Million restricted common shares of Dicut. The transaction is scheduled to close following satisfactory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. of Cutting Edge's books and records. Cutting Edge Shape CD Inc., located in Toronto, Canada, is in the business of designing, manufacturing and distributing shaped CD See custom-cut CD and business card CD. ROMs used as promotional vehicles and business cards. Cutting Edge has been in business for the past 4 years and had revenues of approximately CAD$2.3 Million in its last fiscal year. Some of Cutting Edge's major customers include Microsoft, the United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. , Baker Mackenzie Attorneys, Net Zero as well as several U.S. Colleges and Universities including Yale and Princeton. "We believe that Cutting Edge is an exciting acquisition in our goal to target and acquire expanding technology companies," stated Stephen Nemergut, President of Dicut Inc. 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 and Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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