NROX, a used to be mining company sold out and had a share change. It was a totally unannounced reverse split, followed by a sellout and symbol change. Many of us NROX shareholders are left in the dark as to what we now have or don't have.
E*twoMEDIA.com Sells Subsidiary
PR Newswire - January 25, 1999 15:26
NEW YORK, Jan. 25 /PRNewswire/ -- E*twoMEDIA.com (OTC Bulletin Board: ETMD)
announced today that it has sold its interest in Nerox Power Systems, Inc. (NPSI) to Ross Production
Company, Inc. The sale of NPSI represents 100% of the assets and liabilities of ETMD. In addition,
ETMD announced today that it has signed a definitive agreement to acquire in a stock exchange
100% of FPS, a London based publishing company that plans to expand its business on the Internet in
the US later this year. FPS earned last year $650,000 and projects earnings for 1999 to be $1.4
million. ETMD is currently negotiating with a Wall Street investment bank for the private placement of
its $2 million convertible preferred shares. The closing on the acquisition of FPS is expected sometime
in mid-February.
SOURCE E*twoMEDIA.com
/CONTACT: Michael Cassin of E*twoMEDIA.com, 212-679-5263/ |
