Worldwide Equipment Corp. and e-possibility.com,Inc.Announce Termination of Letter of Intent.
Business Editors
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 26, 2000
Worldwide Equipment Corp. (OTCBB:WWDE) today announced that the letter of intent to purchase the stock of e-Possibility.com, Inc has been mutually terminated by both parties due to, among other things, market
The company is also canceling its proposed I-35 reverse stock split, which was recommended to accommodate the terms of the letter of intent.
"We will continue to pursue other business opportunities," stated Mitchell Hymowitz, president of Worldwide Equipment Corp.
The company also said it will use its best efforts to file its Form 10 to become fully reporting and have its stock listed on the OTC/BB.
"Safe Harbor" Statement
Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices, labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.
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