AER Energy Resources, Inc. Announces Sale of Intellectual Property Portfolio
November 21 2003 - 10:32AM
PR Newswire (US)
AER Energy Resources, Inc. Announces Sale of Intellectual Property
Portfolio Ceases Operations ATLANTA, Nov. 21 /PRNewswire-FirstCall/
-- AER Energy Resources, Inc. today announced that it has completed
the sale of its intellectual property portfolio, essentially all of
its remaining assets. The proceeds from the sale were used to
satisfy outstanding obligations of the company. The company has
ceased all operations and does not plan to have any ongoing
operations in the future. This release contains statements which,
to the extent that they are not recitations of historical fact, may
constitute "forward looking statements" within the meaning of
applicable federal securities laws and are based on the Company's
current expectations and assumptions. These expectations and
assumptions are subject to a number of risks and uncertainties
which could cause actual results to differ materially from those
anticipated, which include but are not limited to the following:
the ability of the Company to obtain other licensees and the
ability of the Company to receive offers for its intellectual
property portfolio. All forward looking statements contained in
this release are intended to be subject to the safe harbor
protection provided by applicable federal securities laws.
DATASOURCE: AER Energy Resources, Inc. CONTACT: Jon Lindseth of AER
Energy Resources, Inc., +1-216-476-2023 Web site:
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