NuTech (GM) (USOTC:NTCI)
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From May 2019 to May 2024
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.