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Far East Acquires Churchill Resources, Inc.


Business Editors

LAS VEGAS--(BUSINESS WIRE)--December 27, 1999

Far East Ventures, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:FEVI FEVI fracción de eyección ventricular izquierda (Spanish: Left Ventricular Ejection Fraction)
FEVI Front End Volatility Index
) announced today that it has acquired 100% of Churchill Resources, Inc. FEVI will now own the contract to acquire certain assets of a harness racing harness racing: see horse racing.
harness racing

Horse-racing sport. In harness racing, Standardbred horses are harnessed to lightweight, two-wheeled, bodiless (seat-only) vehicles known as sulkies. The sport's origins date to ancient chariot races.
 facility that includes approximately $80 million in gross U.S. profitable revenues.

FEVI will pursue additional profitable gaming facilities in both the United States and Canada.

This news release includes "forward-looking statements" that include risks and uncertainties. The forward-looking statements in this release 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. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 27, 1999
Words:145
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