Croff Enterprises, Inc. Agrees to Merge With America's Minority Health Network, Inc.
10 Juli 2009 - 11:00PM
PR Newswire (US)
LOS ANGELES, July 10 /PRNewswire-FirstCall/ -- Croff Enterprises,
Inc. (OTC:COFF) (BULLETIN BOARD: COFF) announced today that it has
signed a definitive reorganization and merger agreement with
America's Minority Health Network, Inc., a development stage
corporation that is engaged in providing direct to consumer
television programming in medical offices that are focused on
delivering health care to members of African-American communities
and other minorities located across the United States. AMHN's
innovative programming combines increased health education
awareness to patients and families visiting their physicians and
medical care givers while also delivering targeted advertising that
may effectively address community concerns and interests. COFF and
AMHN expect to complete the merger by July 31, 2009. The completion
of the merger is subject to further due diligence, confirmation of
representations and warranties and various other standard
conditions to closing, and no assurance can be given that this
transaction will close. About COFF: The Company was incorporated in
Utah in 1907 under the name "Croff Mining Company." The Company
changed its name to "Croff Oil Company" in 1952, and in 1996
changed its name to the current "Croff Enterprises, Inc." The
Company does not currently maintain a website. COFF currently has
no business operations or revenue source and has reduced its
operations to a minimal level (although it continues to file
reports required under the Securities Exchange Act of 1934). As a
result, the Company is a "shell company" under the rules of the
SEC. Forward Looking Statements: This release contains
forward-looking statements. Actual results may differ from those
projected due to a number of risks and uncertainties, including,
but not limited to the possibility that some or all of the pending
matters and transactions considered by COFF may not proceed as
contemplated, particularly if any conditions to closing are not
satisfied, and by all other matters specified in COFF's filings
with the Securities and Exchange Commission. These statements are
made based upon current expectations that are subject to risk and
uncertainty. COFF does not undertake to update forward-looking
statements in this news release to reflect actual results, changes
in assumptions or changes in other factors affecting such
forward-looking information. Assumptions and other information that
could cause results to differ from those set forth in the
forward-looking information can be found in the COFF's filings with
the Securities and Exchange Commission, including its most recent
periodic report. DATASOURCE: Croff Enterprises, Inc. CONTACT: David
Hamilton, +1-818-735-0050, for Croff Enterprises, Inc.
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