Niche Resources Signs Letter of Intent with Pheasant International and Ralph D. Gomez.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 11, 1998--Niche Resources Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:NHRS NHRS New Hampshire Retirement System NHRS National Health Research System (Philippines) NHRS National Human Rights Structure ) announced that it has entered into a letter of intent with Pheasant International Inc. and R.D. Gomez to acquire 100 percent of the stock of Pheasant International Inc. headquartered in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . Pheasant International is an international tobacconist and importer of fine handmade leather goods from Spain. R.D. Gomez's trademark of Pheasant is used not only on hand-crafted leather accessories, but also Signature Pheasant Cigars produced in Honduras. Pheasant sells to fine tobacco shops nationwide on a wholesale basis and also has a retail outlet that is a full line smoke shop as well as leather goods retailer. Niche Resources also owns Old Scottsdale Cigar Co., which focuses on wholesale distribution of premium cigars in the mass grocery and convenience store markets. Stated Bruce Griffin, chief executive officer of Niche, "This is a natural acquisition for Niche that will expand Pheasant distribution in additional markets where they do not have existing penetration." Niche Resources Inc. owns two subsidiaries, Old Scottsdale Cigar Co. Inc. and Desert Palm Scottsdale, headquartered in Scottsdale. It is the intent to merge all distribution and accounting functions in the Scottsdale headquarters. All Pheasant management will be retained and R.D. Gomez will remain as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pheasant. "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. " Statements 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: The statements contained in this release 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 and 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. For further information contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at 602/998-0775, fax 602/998-1775 or e-mail oscigar.com http://www.oscigar.com |
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