Full Press Release Details
Enterprises, Inc. Agrees to Merge with America's Minority Health Network,
Angeles, CA -- (BUSINESS WIRE) - July 9, 2009 - Croff Enterprises,
Inc. (OTCBB: COFF.OB) announced
today that it has signed a definitive reorganization and merger agreement with
America's Minority Health Network, Inc., a development stage corporation that is
engaged in providing direct to consumer television programming in medical
offices that are focused on delivering health care to members of
African-American communities and other minorities located across the United
States. AMHN's innovative programming combines increased health education
awareness to patients and families visiting their physicians and medical care
givers while also delivering targeted advertising that may effectively address
community concerns and interests. COFF and AMHN expect to complete the merger by
July 31, 2009. The completion of the merger is subject to further due diligence,
confirmation of representations and warranties and various other standard
conditions to closing, and no assurance can be given that this transaction will
Company was incorporated in Utah in 1907 under the name "Croff Mining
Company." The Company changed its name to "Croff Oil Company" in
1952, and in 1996 changed its name to the current "Croff Enterprises,
Inc." The Company does not currently maintain a website. COFF
currently has no business operations or revenue source and has reduced its
operations to a minimal level (although it continues to file reports
required under the Securities Exchange Act of 1934). As a result, the
Company is a "shell company" under the rules of the
release contains forward-looking statements. Actual results may differ from
those projected due to a number of risks and uncertainties, including, but not
limited to the possibility that some or all of the pending matters and
transactions considered by COFF may not proceed as contemplated, particularly if
any conditions to closing are not satisfied, and by all other matters specified
in COFF's filings with the Securities and Exchange Commission. These statements
are made based upon current expectations that are subject to risk and
uncertainty. COFF does not undertake to update forward-looking statements in
this news release to reflect actual results, changes in assumptions or changes
in other factors affecting such forward-looking information. Assumptions and
other information that could cause results to differ from those set forth in the
forward-looking information can be found in the COFF's filings with the
Securities and Exchange Commission, including its most recent periodic
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