LAS VEGAS, Jan. 31, 2005 (PRIMEZONE) -- Biltmore Enterprises, Inc. (Pink Sheets:BTMT) a Nevada Corporation wishes to announce that it has decided to cancel it's agreement with Big Snowy Resources L.P. for the right to earn up to a 45% interest in Big Snowy's 50% interest in properties located in Montana and Wyoming.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.