Consolidated Resources Group Inc. Signs Letter Of Intent With Certified Surgeons Inc.
DELRAY BEACH, Fla., June 18 /PRNewswire-FirstCall/ -- Consolidated Resources Group Inc. (OTC Pink Sheets: CSRZ) announced today that it has executed a letter of intent to acquire certain assets of Certified Surgeons Inc., a medical supply company. Upon completion of the acquisition, the assets will be used to form a new division of Consolidated Resources Group, Inc. which will market and wholesale non-prescription medical devices and kits that will benefit a large percentage of the U.S. population.
"We are excited to get a step closer to completing this deal with Certified Surgeons Inc. in building a successful medical supply company. We believe that the new business will enable us to capitalize on their fine products using our extensive merchandising and marketing experience," Joseph R. Bergmann said.
On January 5, 2004 the Company announced that its board of directors approved the forward stock split. Through the stock split Consolidated Resources Group's shareholders received two additional shares of common stock for each common share they own. The payment date for the stock split was February 9, 2004. There are approximately 19,000,000 post-split common shares.
Consolidated Resources Group is a publicly traded holding company. The Company was formed in November 1998 using a profitable silk floral, plant and tree wholesale business as the nucleus for the new business, established as a private company well before the formation of the public entity. The Company intends to reapply to the Bulletin Board within the near future, where it traded when the company first became public.
NOTE: Statements made by Consolidated Resources Group Inc. that are not purely historical are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a variety of risks and uncertainties, including, without limitation, statements with respect to the Company's strategy and prospects. These statements are made based upon information available to the Company at the time, and the Company assumes no obligation to update forward- looking statements. Readers and investors are cautioned that the Company's actual results may differ materially from those described in the forward- looking statements due to a number of factors including, but not limited to, (1) demand for the Company's products and services; (2) the Company's ability to continue to develop and launch its markets; (3) changes in the current and future business environment, including interest rates and capital and consumer spending; (4) the impact of competitive products and pricing; (5) reliance on key strategic alliances; (6) the availability of skilled personnel; (7) the regulatory environment; (8) the risks outlined in the Company's filings from time to time with the Securities and Exchange Commission; and (9) the impact of yet unknown competitors, technological obsolescence, problems with technology, problems with shipment; inadequate supplies and business opportunities.Consolidated Resources Group Inc.
CONTACT: Joseph R. Bergmann, President of Consolidated Resources GroupInc., +1-561-265-2382; or Bill Roberts of CTC, Inc., +1-937-434-2700