Arnold T. Kondrat and Kevin R. Baker - Warrant Exercises



    TORONTO, Jan. 25 /CNW/ - Arnold T. Kondrat and Kevin R. Baker announce
that they have each purchased for cash 2,300,000 common shares of Nevada Bob's
International Inc. (the "Company") at a price of US$0.09 per share (or
US$207,000 in the aggregate) pursuant to an exercise of warrants of the
Company. Taking into account such warrant exercises, the Company now has
24,753,247 common shares issued and outstanding. The said 2,300,000 shares
represent 9.29% of such outstanding shares. Each of Mr. Kondrat and Mr. Baker
purchased such shares for investment purposes and may in the future increase
or decrease his ownership of securities of the Company from time to time
depending upon the business and prospects of the Company and future market
conditions.
    Mr. Kondrat is Chairman of the Board and a director of the Company and
Mr. Baker is Chief Executive Officer, President and a director of the Company.
Mr. Kondrat's address is Suite 7070, 1 First Canadian Place, 100 King Street
West, Toronto, Ontario, M5X 1E3 and Mr. Baker's address is 300, 404 Sixth
Avenue S.W., Calgary, Alberta, T2P 0R9.
    Mr. Kondrat now owns and controls a total of 8,626,518 common shares
representing 34.85% of the issued and outstanding common shares of the
Company. He also holds stock options to purchase 300,000 common shares of the
Company at a price of US$0.50 per share until April 30, 2008. Mr. Baker now
owns and controls a total of 8,450,998 common shares representing 34.14% of
the issued and outstanding common shares of the Company. He also holds stock
options to purchase 300,000 common shares of the Company at a price of US$0.50
per share until April 30, 2008.





For further information:

For further information: Arnold T. Kondrat, Phone: (416) 366-2221, Fax:
(416) 366-7722 or Kevin R. Baker, Phone: (403) 698-8560, Fax: (403) 269-1715

Organization Profile

Arnold T. Kondrat

More on this organization

KEVIN R. BAKER

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890