SOURCE: PDC Innovative Industries, Inc.

November 25, 2005 11:30 ET

PDC Innovative Industries Provides Update on Daytona Brands, Inc.

TAMPA, FL -- (MARKET WIRE) -- November 25, 2005 -- P.D.C. Innovative Industries, Inc. ("PDC" or the "Company") (OTC: PDCN) and Daytona Brands, Inc. were unable to finalize mutually acceptable terms and have terminated the letter of intent to merge. The Company continues its discussion with potential acquisition or merger candidates.

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs; competition within the fast-casual restaurant segment; the closing of projected franchise sales; and as further set forth in our public filings filed with the Commission and our press releases.

Contact Information

  • Contact:
    Paul Smith
    813.258.0606