LOS ANGELES, Aug. 11, 2006 (PRIMEZONE) -- Pure Capital Incorporated (OTCBB:PUCNF) (the "Company") is pleased to announce that it has settled its long-standing dispute with David Sams Industries ("DSI"). The Settlement Agreement, executed on August 4, 2006, is a full and complete release by and between the parties. The Company has made timely payment of the settlement amount as required by the terms of the Settlement Agreement.
In light of the above settlement, the Company now has no outstanding claims or judgments to the best of its knowledge.
In addition, the Company continues to explore options for a business combination, merger or venture.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.