SHAL:news on nasdaq listing and name change>
4s now, previous YTD high 20 1/8
looks like name change is sometime next week, pr says nasdaq listing is imminent, to be announced soon:
biz.yahoo.com
Sara Hallitex Announces Name Change to Web Capital Group, New Trading Symbol To Be Effective Week of December 20, 1999
Company Also Confirms Date Change for Its Inaugural Shareholders' Meeting
MARINA DEL REY, Calif., Dec. 14 /PRNewswire/ -- Garrett K. Krause, President and CEO of Sara Hallitex Corporation (OTC Bulletin Board: SHAL - news), Mr. Krause also confirmed that the Company anticipates that it will commence trading under its new name, Web Capital Group, Inc. and new trading symbol effective the week of December 20, 1999. The Company is awaiting imminent issuance of its new symbol from the National Association of Securities Dealers (NASD), to be announced soon.
With its focus on the e-business industry and subsidiary holdings in Web-based e-commerce solutions, Internet incubators, comprehensive Internet-based e-finance products and services, and entertainment products and services, all backed by its unique ''Venture Banking'' concept, the Company is poised to exploit a relatively young industry with enormous global potential.
Mr. Krause commented, ''This name change and accompanying symbol change are key elements in the advancement of the Company's business strategy. With Web Capital Group, shareholders will realize that the value of our Company is not simply based on the current market price, but the fundamental long-term value of our diverse Internet-related high technology properties.''
Shareholders with inquiries about the exchange of Sara Hallitex Corporation stock certificates for Web Capital Group, Inc. stock certificates may contact the Company's transfer agent, Securities Transfer Corp. at the following:
Securities Transfer Corp.
Attention: Jan Hoffer
16910 Dallas Pkwy, Suite 100, Dallas, TX 75248
PH: 972.447.9890 Fax: 972.248.4797
Mr. Krause also confirmed that the date for the Company's first-ever Shareholder's Meeting has been changed to 1:00 PM Tuesday, December 21, 1999. The meeting's location remains the same:
Marina City Club Galaxy Ballroom-Center Tower
4333 Admiralty Way, Marina del Rey, California 90292
The meeting is open to all shareholders and investors seeking information regarding the Company's past fiscal performance and future business strategies. The meeting will also be posted for viewing on a delayed basis over the Internet at the Company's website at www.SaraHallitex.com.
Mr. Krause added, ''I would like to personally invite all Company shareholders and potential investors to this historic meeting where we will present the Company's Internet and e-commerce strategy as we enter the Year 2000.''
About Sara Hallitex Corporation (Web Capital Group, Inc.)
Sara Hallitex Corporation, soon to be operating as Web Capital Group, Inc. is a diversified public venture banking firm dedicated to acquiring and investing in companies, new technologies or projects that when fully developed will be ''spun off'' as Nasdaq publicly traded companies, providing appreciable long-term portfolio enhancement for their shareholders.
Sara Hallitex Corporation holds substantial equity portfolios in Janus International, Inc. (OTC Bulletin Board: JNUS - news), SolutionNet International, Inc. (OTC Bulletin Board: SLNN.F - news), USLab.com, Inc. (OTC Bulletin Board: ULAB - news), Tril-MediaNet.com, Inc. (OTC Bulletin Board: TMDN - news) and the forthcoming initial public offerings; 3WVentures.com, Inc., FutureVest.com, Inc. and TheMovieSource.com Corp.
Statements in this release are made pursuant to the ''Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including, without limitation, continued acceptance of the Company's services, increased levels of competition for the Company and dependence on the performance of the Management of the Company.
For more information about the Sara Hallitex family of companies please look to the Company's World Wide Web page at www.SaraHallitex.com.
SOURCE: Sara Hallitex Corporation |
