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Verdant Technologies Seeks its Acquisition.

June 29, 2004 - Verdant Technologies, Inc. of East Providence, Rhode Island is currently seeking acquisition proposals while in Rhode Island State Court Receivership. Joseph P. Ferrucci is the court-appointed Receiver of Verdant. The Company said the petition for receivership filed in May paves the way for a judicially approved sale of Verdant's patent-pending technologies and assets.

Verdant has said publicly that it is unlikely customers will run into any availability or service problems during this period. Sean Holt, Verdant's President and CEO, commented that the Re

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