SOURCE: Concorde Resources Corp.

July 31, 2006 10:21 ET

Concorde Resources Corp. Rescinds Acquisition

PORT ST. LUCIE, FL -- (MARKET WIRE) -- July 31, 2006 -- Concorde Resources Corp. (PINKSHEETS: CCDX) today regrettably confirmed that its acquisition of Terrax Inc. has been rescinded as of July 27th 2006. The cancellation of the acquisition is due in large part to an unsettled Nevada civil lawsuit # A494737 between Terrax Inc. (Defendant) and Go Public (Plaintiff), a wholly owned subsidiary of Public Company Management Corporation.

About Bevcorp International, Inc.:

Bevcorp International, Inc., d/b/a Beverly Hills Weight Loss & Wellness®, offers proprietary diet programs, scientifically created to provide a credible medically developed lifestyle change that stands the test of time. For decades of proven success, Beverly Hills Weight Loss & Wellness has focused on a long-term unbeaten weight management program, suited to each client's changing physical, emotional and lifestyle needs. Beverly Hills is a premiere franchise organization, establishing a strong brand with all the associated cost savings, operational and marketing benefits.

About Mclayne Industries, Inc.:

Mclayne Industries brings medium to large businesses a long awaited quality alternative to the high priced OEM imaging industry. We offer one of the largest selections of printer, inkjet, fax and toner cartridges to our valued customers. Our state of the art quality control allows us to offer a better product than the manufacturer and back it up with an unparalleled quality guarantee.

About Concorde Resources Corp.:

Concorde Resources Corp. is a diversified investment conglomeration that develops partnerships and/or acquires control and recapitalizes small high growth businesses in selected business sectors.

No Stock Exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of the section27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information

  • Contact:
    Paul Taylor
    Tel: (310) 492 5203