El Apparel Signs Definitive Acquisition Agreement With NutriOne Inc. Monday June 5, 10:21 am ET
TORONTO--(MARKET WIRE)--Jun 5, 2006 -- El Apparel Inc. (Other OTC:ELAP.PK - News) announced today that it has signed a definitive acquisition agreement and acquires 100% of the outstanding shares of NutriOne Inc. ADVERTISEMENT
According to the definitive acquisition agreement, ELAP will undertake a reverse stock split of 1 for 1,000 and will issue a total of 50,000,000 restricted common shares post reverse split to the shareholders of NutriOne Inc. and ELAP will change its name to NutriOne Inc. The transaction will result in the company to have a total of approximately 75,000,000 shares issued and outstanding.
The companies expect to close on the definitive acquisition agreement on or before June 19, 2006.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Contact: El Apparel Inc. Paul Reynolds Tel. 416-854-8965
NutriOne Inc. Homer Pateridis Investor Relations Consultant Tel. 514-952-5251
-------------------------------------------------------------------------------- Source: El Apparel Inc.
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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I can't seem to get L2's on this one with Ameritrade (same thing with ddsi)
-------------------- Though the luck may be gone and the brain shot, the liqour we still got! - Doug Coglan Posts: 140 | From: Sweden | Registered: May 2006
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quote:Originally posted by superman7: peopel still waiting on there .01 fill this will be huge
Excellent!
-------------------- Though the luck may be gone and the brain shot, the liqour we still got! - Doug Coglan Posts: 140 | From: Sweden | Registered: May 2006
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posted
Volumes seem to have slowed down a bit...?!
-------------------- Though the luck may be gone and the brain shot, the liqour we still got! - Doug Coglan Posts: 140 | From: Sweden | Registered: May 2006
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-------------------- Though the luck may be gone and the brain shot, the liqour we still got! - Doug Coglan Posts: 140 | From: Sweden | Registered: May 2006
| IP: Logged |
-------------------- Though the luck may be gone and the brain shot, the liqour we still got! - Doug Coglan Posts: 140 | From: Sweden | Registered: May 2006
| IP: Logged |
-------------------- Though the luck may be gone and the brain shot, the liqour we still got! - Doug Coglan Posts: 140 | From: Sweden | Registered: May 2006
| IP: Logged |
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