Gilbert, AZ (PRWEB) January 3, 2008
Charter Equities, Inc. (CEQI.PK) announced today that by means of a mutual rescission, Saddleback Recreational Vehicles, Inc. (Saddleback) is no longer a subsidiary of CEQI and has been taken private by its management. As such, Saddleback Recreational Vehicles, Inc. and the Shareholders of Saddleback Recreational Vehicles, Inc. are no longer associated or affiliated with CEQI.
CEQI continues to own and operate its other subsidiaries and is in discussions with several acquisition or business combination candidates in and outside of the recreational vehicle industry and will make further announcements as material events dictate. The 22,500,000 shares issued to the Saddleback shareholders have been tendered back to CEQI and have been cancelled reducing the number of issued and outstanding shares of common stock by that amount.
Contact: Mat Curtner, President
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.