TORONTO, Dec 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Renet Health. Inc. (Pink Sheets: "RNTT") is pleased to announce that it is the process of changing business direction and is entering the field of gold exploration. A new board of directors and management team has been appointed. The group consists of renowned geologists and mining industry veterans from US and Canadian public companies.
The company will be announcing the acquisition of significant mining claims in the US. These claims are strategically located in a mining district in the US which has had some newsworthy results in the last ten weeks. The company has the stated goal of acquiring a portfolio of properties which will make it a takeover target for a major US or Canadian based miner.
The Company has filed the appropriate documentation with NASDAQ to effectuate a change in the corporate name to "Bryn Resources Inc" and a reverse split of the Company's total shares issued and outstanding. Management deems it to be in the best interests of the Company and its shareholders to change the name to better reflect the future business operations of the Company and to effectuate a reverse stock split based upon current market conditions. It is anticipated that the change in name and reverse split will be effectuated by NASDAQ within the next two weeks.
A website is being prepared and will be online by month end. The company will also be appointing an IR representative which will be made available to answer investor calls in regards to the expected PR flow.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Renet Health Inc.
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