WorldNet Resource Group to Honor EnterTech Media Group Stock Disbursement.Business Editors EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--May 31, 2001 As was announced earlier today, the planned agreement between EnterTech Media Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EMGI) and WorldNet Resource Group Inc. (OTCBB:WNRG) has been dissolved. However, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Stephen Brown Stephen Brown may refer to:
2. of the EMGI stock to the WorldNet Resource Group shareholders. "Even though our deal was cancelled, we will still be honoring the 4 to 100 share disbursement to WNRG shareholders of record as of March 23, 2001, through WNRG's existing holdings of EMGI stock," said Brown. As outlined in the company's news release of March 16, 2001, the shares of EMGI will be disbursed to the WNRG shareholders on a 4 to 100 basis: for every 100 shares of WNRG owned, shareholders will be issued 4 shares of EMGI. Due to SEC regulations, these shares will be disbursed once a registration statement is filed by EnterTech. About WorldNet Resource Group WorldNet Resource Group is dedicated to developing and expanding business properties into the new age. Taking the traditional business model and enhancing its development with the aid of new media technologies, WNRG creates a multifaceted presence both online and in traditional arenas. Forward-looking statements and comments in this news release are made pursuant to 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 Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessary subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. |
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