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NTCI NuTech Inc (GM)

0.0001
0.00 (0.00%)
28 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NuTech Inc (GM) USOTC:NTCI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.0001 0.0001 0.00 01:00:00

NetCert Inc. and Central Park North International Inc. Decide to Focus on their Respective Core Businesses

06/09/2005 3:39am

Business Wire


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NetCert and Central Park North International Mutually Agree to Rescind Purchase Agreement Central Park North International Inc., (a Delaware Corporation), and NetCert Inc. (Pink Sheets:NTCI) have mutually agreed while there is synergy between the two companies, it is more effective to run their respective businesses as two separate entities. NetCert was formed in April 2004 and offers a complete range of products and services on its e-commerce platform known as Treasure Island Mall, in which consumers and merchants can buy and sell everything from traditional products like clothing, gifts, books and magazines, auto parts, and home furnishings, to more e-related ones like digital cards, software, online gaming accessories, and other virtual products. NetCert has been signing up hundreds of e-commerce companies and has received commitments from over 3,000 online stores. These established retailers bring existing customers and increased sight volume immediately. Central Park North International is an entertainment firm specializing in the development, distribution and marketing of projects in the music, film, broadcast (TV & radio), and live event industries. "After more careful evaluation, we believe that it would be in the best interest of both companies to maintain our relationship as business partners. This is a totally amicable resolution derived by both companies. We realized that we would not be able to achieve the efficiency as we had envisioned when we decided to acquire Central Park North International. However, we anticipate no less of a collaboration between the two companies to develop mutual business interests while allowing each company to pursue its goals as separate entities," stated Mel Rich, CEO President of NetCert, Inc. Both companies have returned to their status pre-merger. Safe Harbor Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

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