EX-99
3
cometex991.txt
PRESS RELEASE, DATED MAY 15, 2006
EXHIBIT 99.1
Press Release
For Immediate Release
Salt Lake City, Utah
Comet Technologies, Inc., a Nevada corporation (OTCBB -"COMT") has
announced that on May 11, 2006, 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 subsidiaries,
ACPG is engaged in the development, manufacture and marketing of
over-the-counter nutritional supplements and plant and herb-based medicinal
products, in the PRC, Hong Kong and other countries.
Under the terms of the Exchange Agreement, at closing, Comet will issue
10,193,377 shares of its common stock to the shareholders of ACPG in exchange
for all of the capital stock of ACPG. Following the acquisition, there will
be a total of 10,960,620 shares of common stock outstanding. At the
closing, the current officers and directors, Jack M. Gertino and Richard
Stuart, will resign, and Liu Yan-qing, Han Xiao-yan and Wang Hai-Feng,
officers of ACPG and TDR, will be appointed as directors, and President and
CEO, CFO and Secretary Treasurer, respectively, of Comet. Messrs. Gertino
and Stuart will serve as consultants to Comet following the closing.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995:
The statements in this press release that relate to the Company's expectations
in the future with respect to transactions, sources of capital or operations,
operating results or strategies, are forward-looking statements within the
meaning of the Private Securities Litigation Act of 1995. Such statements are
made by the Company based on knowledge of the circumstances at the present
time, but the results anticipated by any and all of these forward-looking
statements may not occur or may differ materially from the statements
expressed.

EX - 99 3 cometex991 . txt PRESS RELEASE , DATED MAY 15 , 2006 EXHIBIT 99 . 1 Press Release For Immediate Release Salt Lake City , Utah Comet Technologies , Inc . , a Nevada corporation ( OTCBB - " COMT " ) has announced that on May 11 , 2006 , 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 subsidiaries , ACPG is engaged in the development , manufacture and marketing of over - the - counter nutritional supplements and plant and herb - based medicinal products , in the PRC , Hong Kong and other countries . Under the terms of the Exchange Agreement , at closing , Comet will issue 10,193,377 shares of its common stock to the shareholders of ACPG in exchange for all of the capital stock of ACPG . Following the acquisition , there will be a total of 10,960,620 shares of common stock outstanding . At the closing , the current officers and directors , Jack M . Gertino and Richard Stuart , will resign , and Liu Yan - qing , Han Xiao - yan and Wang Hai-Feng , officers of ACPG and TDR , will be appointed as directors , and President and CEO , CFO and Secretary Treasurer , respectively , of Comet . Messrs . Gertino and Stuart will serve as consultants to Comet following the closing . Safe Harbor Statement Under the Private Securities Litigation Act of 1995 : The statements in this press release that relate to the Company 's expectations in the future with respect to transactions , sources of capital or operations , operating results or strategies , are forward - looking statements within the meaning of the Private Securities Litigation Act of 1995 . Such statements are made by the Company based on knowledge of the circumstances at the present time , but the results anticipated by any and all of these forward - looking statements may not occur or may differ materially from the statements expressed .