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mbryo Development Corp. (OTCBB: EMBR.OB) Announces a Potential Acquisition of AES Management Buyout Corp. a Privately Held Delaware Corporation Through a Merger Transaction

NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- Embryo Development Corp.
(Embryo, OTC Bulletin Board: EMBR.OB) today announced that it is in
negotiations with AES Management Buyout Corp. (AES), a Delaware Corporation to
merge AES into a newly formed subsidiary of Embryo. The transaction is
subject to the negotiation and execution of a definitive Agreement and Plan of
Merger, satisfactory due diligence review by both parties, approval of
Shareholders of AES and completion of other conditions precedent as are
customary to agreements of this nature. No assurance can be given as to the
results of the negotiations.
FORWARD-LOOKING STATEMENTS
All statements other than statements of historical fact included in this
release, including without limitation, statements regarding the marketability
of the products discussed, financial position and business strategy of Embryo
and plans and objectives of management for future operations, are forward-
looking statements. When used in this release, words such as "anticipate,"
"believe," "estimate," "expect," "intend," "will," "could," "may," and similar
expressions, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of, as well as assumptions made by and
information currently available to, Embryo's management. Actual results could
differ materially from those contemplated by the forward-looking statements as
a result of certain factors, including but not limited to, competitive
factors, pricing pressures, capacity and supply constraints; market acceptance
of new products and services; risks associated with the entry into new
markets; and delays in product delivery. Such statements reflect management's
views with respect to future events and are subject to these and other risks,
uncertainties and assumptions relating to operations, and results of
operations. Readers are cautioned not to place undue reliance on these
forward-looking statements. Embryo does not undertake any obligation to
release publicly any revisions to these forward-looking statements to reflect
future events or circumstances or to reflect the occurrence of unanticipated
events.
SOURCE Embryo Development Corp.


Contact Information:
Matthew Harriton, President of Embryo Development Corp., [phone]