TAMPA, Fla., April 6, 2005 (PRIMEZONE) -- P.D.C. Innovative Industries, Inc. ("PDC" or the "Company") (Pink Sheets:PDCN) is pleased to announce that the Company has retained Crucible Capital Group Inc. ("Crucible") to identify funding sources to close the acquisition of Baja Holdings, Inc.
"The acquisition of Baja Holdings, Inc. is one of the Company's key short-term strategies," states Mr. Paul Smith, CEO. "Upon completion of the $1.0 million to be raised for this acquisition the Company will begin the necessary steps to become current in its filings and return to the OTCBB."
"Crucible Capital stands behind the efforts of PDC to close the acquisition of Baja Holdings, Inc.," states Charles Moore, Managing Director. "We believe this is a quality acquisition for the Company, and look forward to the possibility of an ongoing relationship with PDC and their future plans."
About Crucible Capital Group, Inc.
Crucible Capital Group, Inc is a Financial Services Company organized to provide Financial and Capital advisory services to Mid Cap, Micro Cap and Private Companies. Over the past several years, Crucible has originated funding up to $127 million. Crucible is located in New York City. To find out more about Crucible, please visit www.ccgroupllc.com.
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs; competition within the fast-casual restaurant segment; the closing of projected franchise sales; and as further set forth in our public filings filed with the Commission and our press releases.