EXHIBIT 99.1
FOR IMMEDIATE RELEASE
FRIDAY, AUGUST 11, 2000
American Absorbents Natural Products Inc.
purchased by Centre Capital Corp.
CONTACT: American Absorbents Shareholder Relations
512-267-2221 Toll Free 888-822-7997 Fax 512-267-4261
Austin, Texas -- American Absorbents Natural Products Inc. (OTC BB: AANP)
www.aanpi.com announced today that it has signed a definitive agreement to
become a wholly owned subsidiary of Centre Capital Corp. (OTC BB: CCCX)
www.cccx.net.
American Absorbents, an Austin, Texas based company controls the largest
reserves (over one billion tons) of some of the highest quality Zeolite in the
nation. Zeolite is a natural mineral, which is beginning to find its way into
every aspect of our lives. Today, natural Zeolite can be found in a wide range
of products such as room deodorizers, cat litter, absorbents, and in
applications such as environmental clean-up, nuclear waste remediation and water
purification and softening. Zeolite is on the verge of getting its overdue
recognition as one of nature's true miracles. Zeolites are currently being
tested as animal feed additives and mineral supplements.
"The extent and quality of the reserves coupled with the unlimited product and
marketing opportunities, are what attracted us to American Absorbents and what
inspired us to make it part of the Centre Corp. team." --CARL JACOBS, CEO CENTRE
CAPITAL CORP.
Centre Capital Corp. is a company engaged in the marketing of various natural
health care related products in the U.S. and internationally. Vista Internatural
Products (VIP), a Centre Capital Corp. company, is a network marketing
distributor of health related and natural products including PROTECTION PLUS a
multi-antioxidant, which has the only core formulation endorsed by the National
Foundation for Cancer Research (NFCR). This is the first and only core
formulation that the NFCR has endorsed. Centre continually seeks new cutting
edge products in order to broaden its line of product offerings. Centre is also
seeking accretive acquisitions in distribution and marketing, its areas of core
companies.
Robert Bitterli, CEO of American Absorbents stated, "The creation of new markets
is essential to American Absorbents' long-term growth. Our relationship with
Centre will allow us to leverage their affiliates and subsidiaries to develop
new markets for AANP at an accelerated rate. Like the management of American
Absorbents, the Centre team is first and foremost focused on shareholder value.
The lack of redundancies in both products and markets and the ease with which
cross product marketing can occur, immediately adds to shareholder value."
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With this transaction AANP will receive a capital infusion from Centre Capital
and Centre Capital will purchase all outstanding shares of AANP with a
combination of CCCX Common and Preferred shares.
According to Mr. Bitterli, "At current market prices, this represents
approximately $2 per share for AANP shareholders."
Shareholders can learn more about this deal when Mr. Bitterli addresses analysts
on CEOCAST (www.ceocast.com) Monday, August 14 at 2:30PM CST. The company will
make additional information available in their 8K filing.
AMERICAN ABSORBENTS NATURAL PRODUCTS. From crowded landfills to pollution from
incinerators to toxic resins used in manufacturing, the value and demand for
environmentally friendly products is becoming paramount. American Absorbents
will continue to be on the forefront in finding natural and environmentally
friendly solutions for the problems of today and tomorrow. American Absorbents
strives to create the most advanced, efficient and economical products in its
field. It continually seeks additional distribution channels to make its
products more accessible to consumers.
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 statements. Forward Looking Statements: All
statements other than statements of historical fact in this release are 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 relative to the operations, results of operations, growth strategy
and liquidity of the Company.
SOURCE: AMERICAN ABSORBENTS NATURAL PRODUCTS, INC.
