ShallBetter Industries Update -- Seeks New Partners in China and a New Relationship with LACC Asia Pacific for Financial and Property Acquisition.BEIJING -- ShallBettereIUs (Pink Sheets:SBNS SBNS Satellite and Broadcast Network Systems ) new President, Mr. Bruce Pridmore is leaving for Korea and China tomorrow to finalize discussions with LACC LACC Los Angeles City College LACC Los Angeles Convention Center LACC Latin American and Caribbean Center (Florida International University) LACC Los Angeles College of Chiropractic LACC Local Aid Coordination Committee Asia Pacific (a Singapore Investment Banking firm that specializes in financial and property acquisition for the resource sector. Mr. Pridmore is a related party to LACC Singapore.) Discussions with existing new property acquisitions in the coal sector are ongoing. These properties are in China and are proven entities with committed off-take for the resource once exploitation rights have been approved. Structuring of plans for an expanded exploration program on the Mongolian gold property is also being finalized. The company is actively promoting a new round of financing for both the exploration and the acquisition programs. As of this announcement several properties are of interest to the company and management. Readers are cautioned that as of this news release -- no firm acquisition commitments have been made by the company and no financing have been secured A technical advisory board of world-class professionals has been approved by the board and will be assembled by Mr. Pridmore within the next three months. About ShallBetter Industries, Inc. ShallBetter Industries Inc. is a publicly traded mining company engaging in the acquisition, exploration and potential development of mineral properties in Outer Mongolia Outer Mongolia: see Mongolia, republic. Outer Mongolia desert wasteland between Russia and China; figuratively and literally remote. [Geography: Misc.] See : Remoteness . The company trades on the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market of the United States under the trading symbol Trading symbol See: Ticker symbol SBNS. On Behalf of the Board of Directors, Mr. Bruce Pridmore President This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, ShallBetter analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under 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 United States 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. |
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