BELLEVUE, WA, July 28 /PRNewswire-FirstCall/ -- B-Teller Inc (BTLI:PK) today announced it has cancelled its agreement with Bankteller ltd. in the UK effective immediately along with the issuance of 15,000,000 Restricted Shares issued in this transaction. Bankteller and B-Teller Inc mutually agree to hold neither party liable for any actions in respect to the cancellation of this transaction. Armando Russo, President of B-Teller Inc stated that "the cancellation of this transaction was mutually agreed upon by both parties as financing was not attainable to execute the companies' business plan. The company is actively pursuing new opportunities at this juncture in the resource field and will change our corporate name to Congo Crest Minerals Corp. effective July 31st 2006."
B-Teller Inc. also announced that it will not be sponsoring TWIST, the standards organization based in the UK or engaged in activities with the organization as a result of the cancellation. The company is actively pursuing new opportunities in the mineral exploration field and is happy to welcome Mr. Joseph Kruppa to the board to aid in that endeavour. Mr. Kruppa brings a strong background in corporate finance and mergers and acquisitions in the private and public markets over the past 15 years.
The company has filed all its annual filings up to date and is currently finishing its first 2 quarters which will bring it up to fully reporting status. At that point it will immediately re file for an OTCBB listing
This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in B-Teller, Inc. reports that will be on file with the US Securities and Exchange Commission.
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