Erst heisst es bei Swan das es richtig war Denverson auszulagern,jetzt soll sie zurück.................... Meiner Meinung nach ist es für Indenture besser wenn die rauchfreie Zigarette wieder an Swan geht,da die Geschichte der Rauchfreien Zigarette und Denverson einen schlechten Beigeschmack haben was die Glaubwürdigkeit des Projektes betrifft. www.open-market.tv/?cat=11 Open Market Press Release 04.07.2011 4. Juli 2011 July 5, 2011 – Largo, Florida and Frankfurt, Germany – The Swan Group of Companies, Inc. (Pink Sheets: SWNG or the “Company”) reported today that a special meeting of the Board of Directors of James Denverson Corporation (“JDC”), an 80%-owned subsidiary of Indenture Investments, Ltd. of Ontario, Canada was held on June 6, 2011 to resolve several continuing breaches and defaults pursuant to a Share Exchange Agreement (the “Agreement”) by and between the Company and Indenture, which was prepared in May, 2009, but never fully executed by the parties. Despite repeated demands and notices by the Company for Indenture to complete the terms of the Agreement and to fulfill its responsibilities and liabilities there under, the Company has asserted that Indenture had failed to do so. In addition, the Company has for the past several months attempted to communicate with Indenture and, to the best of the Company’s knowledge and belief, Indenture has abandoned any and all of its operations, caused its common shares to be delisted from the Frankfurt Stock Exchange, its officers and directors have either resigned or failed to communicate with anyone from the Company and no public announcements with respect to Indenture’s intentions have been released. In light of the above, the Board of Directors of James Denverson Corporation (“JDC”), consisting solely of one Director, David W. Dube, who was appointed to the JDC Board on October 1, 2010 and who is also a Director of the Company, convened a special meeting of the JDC Board on June 6, 2011 in accordance with the laws of the State of Nevada. At such meeting, the sole Director recognized and accepted the resignations of the prior Directors and appointed a new Director, Mr. Stephen A. Cerrone, to the JDC Board. In addition, the new Board formally declared in default the Agreement and voted to proceed to dissolve any and all of the terms of the Agreement and to return both control and the operations of James Denverson Corporation to the Company. At such meeting, the Board appointed David W. Dube as President and Chief Executive Officer to formally effect the dissolution of the Agreement and to proceed with the commencement of operations under the full control of the Company. It is fully anticipated that further press releases and public announcements will be made by the Company over the coming months with respect to the Board actions of both the Company and JDC. For further information, contact: The Company: Mr. David W. Dube, President James Denverson Corporation (727) 536-7100 Investor Relations: Mr. Karl Burghart Swan Group of Companies burghart@activist.com |