Excel Publishing Inc. Announces Letter of Intent to Acquire ANF Telecast Inc.Business Editors SPRINGVILLE, Utah--(BUSINESS WIRE)--Feb. 20, 2002 Excel Publishing Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : EXPB), Wednesday announced the signing of a Letter of Intent to acquire 100 percent of the outstanding common shares of ANF ANF antinuclear factor; see antinuclear antibodies (ANA), under antibody. ANF abbr. antinuclear factor ANF atrial natriuretic factor. Telecast Inc. 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. . The anticipated acquisition is subject to completing an Exchange Agreement, the satisfactory completion of 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. , and other terms and conditions being met by both companies. For complete details of the Letter of Intent, refer to the company's 8-K filing with the Securities and Exchange Commission. ANF Telecast Inc. is a California-based infomercial company specializing in the infomercial business of producing television-based direct sales. ANF Telecast focuses on the exercise/health products category. The management team of ANF Telecast has significant experience in the infomercial industry and is excited about the opportunity that ANF Telecast represents. Harold Fletcher, a seasoned industry expert, is the president and chief executive officer. Fletcher believes that the proposed acquisition of ANF Telecast by Excel Publishing "represents a tremendous opportunity to be a part of a public company that will enhance the company's access to the capital markets and provide independence and flexibility for inventory and product selection." 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. Press releases issued by Excel Publishing Inc. may contain forward-looking statements, which are made pursuant to the 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. provisions of 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. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing and other factors described in the company's filings with the Securities and Exchange Commission. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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