Capital Bancorp (NASDAQ:CBNK)
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Custom Branded Networks Inc. Announces Name Change to Novastar
Resources Ltd.
NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- Custom Branded Networks, Inc.
(OTC:CBNK) (BULLETIN BOARD: CBNK) is pleased to announce that it will be
changing its name to Novastar Resources Ltd. The new name will better reflect
the direction upon which the company has now embarked.
The company recently announced on October 27, 2004, that it was in negotiations
to acquire a major proven resource. The Board of Directors is pleased to
report that these negotiations are proceeding forward. The project is a high
grade Uranium deposit. Management has engaged consultants to assist with the
due diligence process and with the completion of the acquisition. We expect
the due diligence and negotiations to be finalized within 30 days.
The company is committed to acquiring a substantial interest in the energy and
resource sector.
The statements contained in this press release contain certain forward-looking
statements, including statements regarding the company's expectations,
intentions, strategies and beliefs regarding the future. All statements
contained herein are based upon information available to the company's
management as of the date hereof, and actual results may vary based upon future
events, both within and without the control of the company's management.
On Behalf of the Board
Paul G. Carter
604 904 6946
DATASOURCE: Custom Branded Networks, Inc.
CONTACT: Paul G. Carter of Custom Branded Networks, Inc.,
+1-604-904-6946