EXHIBIT 99.2
November 2, 2000
Centre Capital Corp., CEO, Karl Jacobs Announces Rescission of the Acquisition
Of Zeolite From Equitable Assets Incorporated
FORT WORTH, Texas, DATE /PRNewswire/ -- Centre Capital Corp. (OTC Bulletin
Board: CCCX) (http://www.cccx.net) CEO, Karl Jacobs, announced today that Centre
Capital Corp. and Equitable Assets Incorporated have agreed to rescind Centre
Capital's acquisition of 58,286 tons of ZEOLITE from Equitable Assets
Incorporated. The Rescission Agreement provides for the cancellation of the
Zeolite Purchase Agreement dated July 3, 2000 between the parties with Equitable
Assets returning the entire consideration paid by Centre consisting of one
million shares of Centre Capital's restricted common stock. The original
transaction had been valued at approximately $11,307,428 (Eleven Million Three
Hundred Seven Thousand Four Hundred and Twenty Eight Dollars).
Karl Jacobs, CEO, of Centre Capital Corporation, said "When it became apparent
that our company would not be able to realize the full estimated market value of
the Zeolite by direct marketing to the consumer, we determined it was in our
best interests to seek a rescission of the purchase.
SAFE HARBOR STATEMENT: Certain statements in this news release may constitute
forward looking information within the meaning of the Private Securities
Litigation Reform Act of 1995. Such Forward looking Statements involve risk and
uncertainties that could cause actual results to Differ materially from those
set forth or implied by such forward looking statements. Forward Looking
Statements: All statements other than statements of historical fact in this
release are forward looking statements. Actual results may differ materially
from those contemplated by the forward looking statements as a result of certain
factors including, but not limited to the effect of business and economic
conditions; the impact of competitive products and pricing; and capacity and
supply constraints or difficulties. Such statements reflect the current views of
the company with respect to future events and are subject to these and other
risks and uncertainties and assumptions relating to the operations, results of
operations, growth strategy and liquidity of the Company.
SOURCE Centre Capital Corp.
CONTACT: Jaz Bermaine & Co., 713-334-8230; or Lynn Neal, or Roger Neal, both of
Neal Public Relations, 714-848-8481, both for Centre Capital Corp./
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