MONTANA NATURALS ANNOUNCES SETTLEMENT
MONTANA NATURALS ANNOUNCES SETTLEMENT ARLEE, Mont., March 18 /PRNewswire/ -- Montana Naturals Int'l.
Inc. (NASDAQ: MTNAE) announced today that it settled its litigation with the Securities and Exchange Commission (SEC). The Arlee-based manufacturer of natural food products and dietary supplements reported that it has entered into a Consent Agreement with the Commission.
Under the provisions of the settlement arrangement, Montana Naturals has consented to the entry of an injunction without admitting or denying the allegations raised by the SEC in the complaint which it filed last fall. The injunction prohibits the company from violating securities regulations in the future. According to Montana Natural's attorney William VanCanagan, the settlement effectively closes this chapter in the company's history. -0- 3/18/92 /CONTACT: William K. VanCanagan of Datsopoulos, MacDonald & Lind, 406-728-0810, for Montana Naturals Int'l./ (MTNAE) CO: Montana Naturals Int'l Inc. ST: Montana IN: FOD SU:
LM-JH -- SE008 -- 9454 03/18/92 18:55 EST
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|Date:||Mar 18, 1992|
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