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Comet Technologies, Inc.

Comet Technologies, Inc. announces stock exchange agreement with American California

Published in Lab Law Weekly, June 16th, 2006

Comet Technologies, Inc. (COMT), a Nevada corporation, has announced that it entered into a Stock Exchange Agreement with American California Pharmaceutical Group, Inc. (ACPG) and ACPG's shareholders, providing for the acquisition of ACPG in a reverse acquisition.

The transaction is expected to close in the end of May, subject to the satisfaction of certain conditions.

ACPG is a California company that owns all of Harbin Tian Di Ren Medical Science and Technology Company (TDR), a limited liability company organized in Heilongjiang Province, the People's Republic of China (PRC), and headquartered in the city of Harbin. Through TDR and TDR's...

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