MONTREAL, March 22, 2005 (PRIMEZONE) -- Central Network Communications Inc. announced today that it has signed a Letter of Intent to acquire the assets of a to-be-named revenue company operating in international communications markets.
The ongoing operations and assets will be folded into a new company that will become a separate operating unit of Central Network Communications Inc. Details on the new company and the related transaction will be disclosed at closure which is expected be completed within a few weeks time.
Central Network Communications Inc. (Pink Sheets:CNCW) is a public company listed on the Other OTC market under the ticker symbol CNCW. For more information, visit www.cncinc.ca.
CNC's Safe Harbour Statement
Except for any historic information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, beliefs, plans, projections, objectives, goals, assumptions of future events or performances are not statements of historical fact and may be "forward looking statements". Forward looking statements in this release may be identified through the use of such words as "expects", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to market its products and services in a competitive environment as well as other factors.
Direct all inquiries to Trivor Financial Communications.