VANCOUVER, Wash. — Western Power & Equipment Corp. announced last month that its previously announced agreement entered into with CDKnet.com Inc. to exchange Western's ownership of its operating subsidiary for shares of CDKnet.com common stock has been terminated.
Western was informed by CDK on July 18, 2003 that CDK was terminating the agreement because of a failure by both parties to complete the transaction in a timely manner.
Western intends to continue to seek other business opportunities to increase shareholder value.
Western Power & Equipment is No. 96 on the RER 100.
