(PR NEWSWIRE) JAB Finalizes Audit, 3-for-1 Stock Split and $12 Million Fundin
JAB Finalizes Audit, 3-for-1 Stock Split and $12 Million Funding
ORLANDO, Fla., Feb. 8 /PRNewswire/ -- J.A.B. International, Inc.
(OTC Pink Sheets: JABI) announced today that they have finished their 1999
audit and are preparing to file their year-end 10-K and quarterly reports for
September and December '99 and March '00. The company also stated they expect
to file their 2000 10-K and first quarter 10-Q early next week.
JAB's CFO and Audit Committee Chairman Stephen Durland stated the delays
were caused by the lack of financial records available from the merger with
Brush Creek Mining & Development Co. in April 1999.
JAB has recently announced a $12,000,000 debt funding that is scheduled to
close later this month and a 3-for-1 forward stock split that became effective
January 25. JAB's Chairman & CFO Jefferson Adams Bootes was quoted as saying,
"I am very pleased with the developments that have occurred over the past
several months. It's now time to get to work."
JAB has worldwide mining operations in the Central African Republic (CAR),
Honduras, and northern California.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained herein, which are not historical, are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, the Company's
ability to market its products and services and future customer acceptance for
these products and services and other risks detailed from time to time in
Company documents furnished to investors.
SOURCE J.A.B. International, Inc.
-0- 02/08/2001
/CONTACT: Jim Marx, Corporate Public Relations, Inc., 877-473-JABI
(5224), for J.A.B. International/
(JABI)
CO: J.A.B. International, Inc.
ST: Florida
IN: MNG
SU:
