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HOUSTON, Aug 17, 2004 (BUSINESS WIRE) -- Empyrean Communications Inc. (OTCBB: EPYR) reports that due to unanticipated circumstances, management has decided not to proceed with the acquisition of Basalt Specialty Products, Inc (BSP). Management has also determined that this transaction would not be in the best interest of Empyrean shareholders in consideration of the company's current capital structure and revenue expectations.
Management is currently reviewing several additional opportunities which have recently developed. The possibility of changing the future business development direction of the firm is under strong consideration in conjunction with significant management changes.
An announcement of the corporate restructuring will be made soon as the company explores several merger and acquisition opportunities with other companies not related to the basalt fiber industry, and is able to quantify the resultant positive impacts upon its shareholders.
Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE: Empyrean Communications Inc.
CONTACT: Empyrean Communications Inc., Houston
Robert L. Lee, 713/260-7236
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posted
wow this really is a good play! but is it possible to get in around 0.005 and exit 0.007? any sells at 0.007?
Posts: 133 | From: san diego CA | Registered: Feb 2004
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NIT2WINIT1976
unregistered
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GOTTA CATCH IT ON THE DIP.....SHOULD RUN UP AND DOWN A FEW MORE TIMES THIS AFTERNOON....HOPEFULLY....MAYBE THE SPREAD WILL TIGHTEN UP
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think this is done running for today or could we see a late last minute run??
Posts: 132 | From: Cathedral City , CA | Registered: Aug 2004
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posted
is it still ok to play this? the bid and ask are quite far from each other. Volume seems ok.
Posts: 133 | From: san diego CA | Registered: Feb 2004
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quote:Originally posted by bloodynri: is it still ok to play this? the bid and ask are quite far from each other. Volume seems ok.
I was able to get a run on it today.. just a small one bust still worked out for me. Got in @ .0041 out @ .0053 Picked up some a little extra cash for dinner
------------------ Mess with the bull, and you get the horns!
Posts: 132 | From: Cathedral City , CA | Registered: Aug 2004
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