Auteo Media, Inc.

January 05, 2005 09:01 ET

Auteo Media, Inc. Announces Proposed Joint Venture


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AUTEO MEDIA, INC.

OTC Bulletin Board SYMBOL: AUOM

JANUARY 5, 2005 - 09:01 ET

Auteo Media, Inc. Announces Proposed Joint Venture

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 5, 2005) - Auteo Media,
Inc. (OTCBB:AUOM) ("the Company") announced that it is engaged in
preliminary negotiations to acquire for its securities a controlling
interest in an energy (methanol) project being developed by a joint
venture in Indonesia. The business combination would be subject to the
Company completing its investigation of the viability of the project,
obtaining construction financing for the project and may be subject to
shareholder approval to increase the authorized and unissued stock of
the Company's and to change the name of the Company to a name related to
the Company's business operations. The business combination may also be
subject to the approval of the members of the joint venture, pursuant to
the terms and conditions of the joint venture agreements. The Company
anticipates that all conditions precedent to entering into a definitive
agreement concerning the business combination and transaction should be
completed prior to February 15, 2005 and that the definitive agreement
will provide for a closing in accordance with the provisions of said
agreement.

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made on behalf of the Company and
its subsidiaries. All such forward-looking statements are, by necessity,
only estimates of future results and actual results achieved by the
Company may differ materially from these statements due to a number of
factors. Any forward-looking statements speak only as of the date made.
Statements made in this document that are not purely historical are
forward-looking statements, including any statements as to the above
potential acquisition, beliefs, plans, expectations, or intentions
regarding the future. Risk factors that may cause results to differ from
projections include, without limitation, inability to complete the
acquisition, loss of suppliers, loss of customers, inadequate capital,
competition, loss of key executives, declining prices, and other
economic factors. The Company assumes no obligations to update these
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting such statements. You
should independently investigate and fully understand all risks before
making investment decisions.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Auteo Media, Inc.
    Michael Kinley
    (604) 434-5256
    (604) 434-5488 (FAX)