The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Kenwick Files an Amendment to Form 10-SB Registration to be Fully Reporting

23 December 1999

Kenwick Industries Inc. Files an Amendment to Form 10-SB Registration to Become Fully Reporting

    FORT LAUDERDALE, Fla.--Dec. 22, 1999--Kenwick Industries Inc. (OTCBB:KWIN) is pleased to announce that on Tuesday, Dec. 21, 1999, it took the steps to become a fully reporting issuer by filing the company's Amendment to the Form 10-SB Registration Statement with the Securities and Exchange Commission.
    Kenneth Wulwick, Kenwick's chairman and chief executive officer stated: "The filing of the Form 10-SB represents a significant step forward in the evolution of Kenwick Industries, as it provides for broad disclosure of the company's operations and financial information to the NASD member firms that make a market in the company's stock, as well as the growing pool of individual investors that perform their own due diligence and investment research." Kenwick Industries Inc. encourages its shareholders to access its filings at www.freeedgar.com.
    Kenwick Industries is a profitable multi-industry corporation whose core business is automobile sales and financing. Kenwick also manages a language program with distribution to institutions and consumers. Kenwick Industries reported over $3.1 million in revenue, and a Net Income of $328,805 for six months ending June 30, 1999. The company anticipates increases in both revenues and earnings for nine months 1999 vs. nine months 1998.
    The above mentioned Amendment is to be reviewed by the SEC, and upon satisfaction of any SEC comments through the filing by the company of appropriate amendments, the Form 10SB registration would be effective at some future date.

    Note: Certain statements in this Press Release are "forward looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, changes in general economic conditions, risk in product technology developments, market acceptance of new product and continuing product demand, level of competition and other factors described in the company's Reports, prospectuses and other filings with the Securities and Exchange Commission.