CDG Investments Inc.
OTC Bulletin Board : CDGEF

CDG Investments Inc.

December 17, 2007 19:08 ET

CDG Investments Inc. Responds to Reverse Takeover Announcement

CALGARY, ALBERTA--(Marketwire - Dec. 17, 2007) - CDG Investments Inc. (CNQ:CDGI) (OTCBB:CDGEF) ("CDG") has been advised that Chronic Car Audio Inc, listed on the Pink Sheets issued a news release today announcing that they have submitted a proposal to CDG to do a reverse takeover. CDG confirms that they were indeed contacted by Chronic Car Audio, Inc. and has received a proposal but at this time CDG has not received any further information with regards to a potential transaction.

CDG has been approached by a number of different Companies and is continuing to evaluate these opportunities in order to enhance shareholder value through restructuring.

Robert Ingram, President and CEO

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities, or a solicitation of proxies, in any jurisdiction, including but not limited to, the United States. The CDG Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of CDG's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CDG. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CDG's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CDG's filings with the Canadian securities authorities. Accordingly, holders of CDG shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CDG disclaims any responsibility to update these forward-looking statements.

No Canadian Stock Exchange has approved nor disapproved of the information contained herein.

Contact Information

  • CDG Investments Inc.
    Barbara O'Neill
    (403) 233-7898