CALGARY, Alberta and LAS VEGAS, Dec. 30 - Lignin Industries Ltd. (OTC Pink Sheets: LGNI) announced today that it has reached an agreement with Heritage Ventures to acquire assets of the Calgary, Alberta- based organization. Shareholders of both companies will receive a memorandum further detailing the agreement.
The Company anticipates finalizing the transaction during the first quarter of 2006.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
