Gold Bond Resources, Inc. Announces Statutory Merger Resulting in Change Of Domicile, Name Change, Reverse Stock Split and New T
22 November 2003 - 9:46AM
PR Newswire (US)
Gold Bond Resources, Inc. Announces Statutory Merger Resulting in
Change Of Domicile, Name Change, Reverse Stock Split and New
Trading Symbol STAFFORD, Texas, Nov. 21 /PRNewswire-FirstCall/ --
Gold Bond Resources, Inc. (BULLETIN BOARD: GOBM) announced today
that effective Monday, November 24, 2003, Gold Bond Resources, Inc.
will complete a statutory merger with EnerTeck Corporation, a
recently formed Delaware corporation and wholly- owned subsidiary
of Gold Bond Resources, Inc. The statutory merger was approved by
the shareholders of Gold Bond Resources, Inc. at a Special Meeting
of Shareholders held on September 2, 2003. As a result of the
statutory merger transaction, EnerTeck Corporation will become the
surviving entity. This will change the Company's domicile from
Washington to Delaware, and the Company's name to EnerTeck
Corporation. Also, in connection with this statutory merger, the
Company will recapitalize its common stock through a one for 10
reverse stock split whereby each 10 shares of common stock shall
become one share of common stock on the effective date hereof. As a
result of such recapitalization, EnerTeck Corporation will have
approximately 9,791,899 shares issued and outstanding. Finally,
effective Monday, November 24th, at the start of trading on the OTC
Bulletin Board, the Company's new stock symbol will be ETCK. About
EnerTeck Chemical Corp. EnerTeck Chemical Corp. is a wholly owned
subsidiary of Gold Bond Resources, Inc. (whose name will change to
EnerTeck Corporation, is the subject of the announcement contained
herein), a company focused on the development and/or acquisition of
combustion enhancement, emission reduction, and other
environmentally friendly technologies. EnerTeck's diesel fuel
specific combustion catalyst, EnerBurn, has begun to establish a
foothold in the domestic diesel engine marketplace for use in
on-road vehicles, locomotives and marine engines. The product is
also being sold in Europe, Japan, Latin and South America.
Additional information can be obtained by contacting the Company's
CFO, Leon van Kraayenburg at (281) 240-1787 or by visiting the
Company's web site at http://www.enerteck.net/ . About Gold Bond
Resources, Inc. (whose name shall change to EnerTeck Corporation)
Gold Bond Resources, Inc. acquired EnerTeck Chemical Corp. in
January 2003. With this first acquisition, Gold Bond intends to
continue to pursue acquisitions within the energy technology arena.
Further information about Gold Bond Resources, Inc. may be obtained
by contacting the Company's President, Parrish B. Ketchmark, at
(800) 220-8174. This release contains certain forward-looking
statements within the meaning of the Federal Securities Laws. Such
statements are based on assumptions that the Company believes are
reasonable, but which are subject to a wide range of uncertainties
and business risks. Factors that could cause actual results to
differ from those anticipated are discussed in the Company's
filings with the Securities and Exchange Commission (at
http://www.sec.gov/ ), including its Annual Report on Form 10-KSB
for the year ended July 31, 2001 and its Registration Statement on
Form SB-2 filed on September 17, 2003. DATASOURCE: Gold Bond
Resources, Inc. CONTACT: Parrish B. Ketchmark, President,
+1-800-220-8174, or Leon van Kraayenburg, Chief Financial Officer,
+1-281-240-1787, both of Gold Bond Resources, Inc. Web site:
http://www.enerteck.net/
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