Around May 15th, 1998, TVSI will file an 8K with the SEC and disclose the particulars in the transition from Travis Industries to Planet Sports.
The only public information available about Planet Sports aquistions, to date, is 'NIWOT'. Niwot which is owned by Planet Sports and whose directors include
Kevin Furnary, Tom
Raebe, and Fred Boethling. Niwot, managed by Tom Balcum, owns
Boulder Designs, JRAT,
Mountain Mend and Straight Up.
This thread is for the purpose of discussing a Planet Sports investment.
Lets hope there is friendly life on this planet!!
*************************************************
Tuesday May 5, 8:07 pm Eastern Time
Company Press Release
Travis Undergoes Change in Control
New Officers and Directors are appointed effective May 1, 1998
DENVER--(BUSINESS WIRE)--May 5, 1998--Travis Industries, Inc.,
(OTC-TVSI) announced today that Stephen E. Cayou and Jeffrey R. Skinner
have resigned as officers and directors and that Thomas P. Raabe and
Fred C. Boethling have been appointed to the board of directors to fill
their vacancies.
Thomas P. Raabe has been appointed as Chief Executive Officer and Fred
C. Boethling has been appointed Company Secretary and Treasurer. The
board of directors was expanded to five members including Skinner, who
was re-appointed to serve on an interim basis to fill one vacancy, and
the other two vacancies will remain unfilled at this time.
The management change has been made pursuant to a Change in Control
Agreement between former management and Messrs. Raabe and Boethling. The
new management team plans to go to work immediately to bring the
company's current operations to profitability and to develop and
implement a corporate strategic plan. Details of the agreement will be
made public in a filing to be made with the Securities and Exchange
Commission (the ''SEC'') within 15 days of the effective date of the
Agreement, or approximately May 15, 1998. |
