NetCert Inc. and Central Park North International Inc. Decide to Focus on their Respective Core Businesses
September 05 2005 - 9:39PM
Business Wire
NetCert and Central Park North International Mutually Agree to
Rescind Purchase Agreement Central Park North International Inc.,
(a Delaware Corporation), and NetCert Inc. (Pink Sheets:NTCI) have
mutually agreed while there is synergy between the two companies,
it is more effective to run their respective businesses as two
separate entities. NetCert was formed in April 2004 and offers a
complete range of products and services on its e-commerce platform
known as Treasure Island Mall, in which consumers and merchants can
buy and sell everything from traditional products like clothing,
gifts, books and magazines, auto parts, and home furnishings, to
more e-related ones like digital cards, software, online gaming
accessories, and other virtual products. NetCert has been signing
up hundreds of e-commerce companies and has received commitments
from over 3,000 online stores. These established retailers bring
existing customers and increased sight volume immediately. Central
Park North International is an entertainment firm specializing in
the development, distribution and marketing of projects in the
music, film, broadcast (TV & radio), and live event industries.
"After more careful evaluation, we believe that it would be in the
best interest of both companies to maintain our relationship as
business partners. This is a totally amicable resolution derived by
both companies. We realized that we would not be able to achieve
the efficiency as we had envisioned when we decided to acquire
Central Park North International. However, we anticipate no less of
a collaboration between the two companies to develop mutual
business interests while allowing each company to pursue its goals
as separate entities," stated Mel Rich, CEO President of NetCert,
Inc. Both companies have returned to their status pre-merger. Safe
Harbor Forward-Looking Statements Except for historical information
contained herein, the statements in this release are
forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks
and uncertainties that may cause the companies' actual results in
future periods to differ materially from forecasted results. Such
risks and uncertainties include, but are not limited to, market
conditions, competitive factors, the ability to successfully
complete additional financings and other risks.
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