Compagnie de Saint Gobain (TG:GOBM)
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Gold Bond Resources, Inc. Announces Statutory Merger Resulting in Change Of
Domicile, Name Change, Reverse Stock Split and New Trading Symbol
STAFFORD, Texas, Nov. 21 /PRNewswire-FirstCall/ -- Gold Bond Resources, Inc.
(BULLETIN BOARD: GOBM) announced today that effective Monday, November 24,
2003, Gold Bond Resources, Inc. will complete a statutory merger with EnerTeck
Corporation, a recently formed Delaware corporation and wholly- owned subsidiary
of Gold Bond Resources, Inc.
The statutory merger was approved by the shareholders of Gold Bond Resources,
Inc. at a Special Meeting of Shareholders held on September 2, 2003. As a
result of the statutory merger transaction, EnerTeck Corporation will become the
surviving entity. This will change the Company's domicile from Washington to
Delaware, and the Company's name to EnerTeck Corporation. Also, in connection
with this statutory merger, the Company will recapitalize its common stock
through a one for 10 reverse stock split whereby each 10 shares of common stock
shall become one share of common stock on the effective date hereof. As a
result of such recapitalization, EnerTeck Corporation will have approximately
9,791,899 shares issued and outstanding.
Finally, effective Monday, November 24th, at the start of trading on the OTC
Bulletin Board, the Company's new stock symbol will be ETCK.
About EnerTeck Chemical Corp.
EnerTeck Chemical Corp. is a wholly owned subsidiary of Gold Bond Resources,
Inc. (whose name will change to EnerTeck Corporation, is the subject of the
announcement contained herein), a company focused on the development and/or
acquisition of combustion enhancement, emission reduction, and other
environmentally friendly technologies. EnerTeck's diesel fuel specific
combustion catalyst, EnerBurn, has begun to establish a foothold in the domestic
diesel engine marketplace for use in on-road vehicles, locomotives and marine
engines. The product is also being sold in Europe, Japan, Latin and South
America. Additional information can be obtained by contacting the Company's
CFO, Leon van Kraayenburg at (281) 240-1787 or by visiting the Company's web
site at http://www.enerteck.net/ .
About Gold Bond Resources, Inc. (whose name shall change to EnerTeck
Corporation)
Gold Bond Resources, Inc. acquired EnerTeck Chemical Corp. in January 2003.
With this first acquisition, Gold Bond intends to continue to pursue
acquisitions within the energy technology arena. Further information about Gold
Bond Resources, Inc. may be obtained by contacting the Company's President,
Parrish B. Ketchmark, at (800) 220-8174.
This release contains certain forward-looking statements within the meaning of
the Federal Securities Laws. Such statements are based on assumptions that the
Company believes are reasonable, but which are subject to a wide range of
uncertainties and business risks. Factors that could cause actual results to
differ from those anticipated are discussed in the Company's filings with the
Securities and Exchange Commission (at http://www.sec.gov/ ), including its
Annual Report on Form 10-KSB for the year ended July 31, 2001 and its
Registration Statement on Form SB-2 filed on September 17, 2003.
DATASOURCE: Gold Bond Resources, Inc.
CONTACT: Parrish B. Ketchmark, President, +1-800-220-8174, or Leon van
Kraayenburg, Chief Financial Officer, +1-281-240-1787, both of Gold Bond
Resources, Inc.
Web site: http://www.enerteck.net/