Some Wolves like OKTI..me too...
(BSNS WIRE) Oxford Knight Seeking Project Professionals - Announces Nego
Oxford Knight Seeking Project Professionals - Announces Negotiations are
Underway for Additional Multi-Million Dollar Building Projects
Business Editors
GRAND ISLAND, N.Y.--(BUSINESS WIRE)--June 9, 1999--Oxford-Knight
International, Inc. (OTC BB - OKTI), through its President and CEO,
Paul Syracuse announced today that it is seeking interest from those
that provide architectural, REIT investing, and commercial lending
services for its most recently announced letter of intent project...to
build a $15 million, 33 acre retirement development featuring 153
single family units, a 200 bed Assisted Living Facility, and a 50-100
bed nursing home facility in September or October of this year,
pending regulatory approval from the State of New York. As previously
announced on June 3rd, this development, located in Tonawanda, New
York, will also feature a newly constructed pharmacy, dental office,
physicians office, and recreation center. Oxford Knight intends to
take this exact same concept nationwide. The project, once completed,
will provide Oxford Knight an initial influx of revenues from home
sales, but also cash flow in the form of rental fees for many years to
come from the Assisted Living Facility and Nursing Home.
In other corporate developments, Paul Syracuse, Oxford Knight's
President and CEO announced that the company is in negotiations to
develop additional building projects ranging in size from $20-$66
million in various parts of the U.S. The company will make these
developments public when deals are finalized.
Oxford-Knight International, Inc. plans to specialize in mergers
& acquisitions, leveraged buy-outs, business consulting, real estate
development, construction (residential and commercial), assisted
living facilities (new), and retail & wholesale distribution of auto
accessories. The company has 2.282 million shares outstanding. For
more information on Oxford-Knight, contact Paul Syracuse at
716-775-0750.
This release contains forward looking statements with respect to
the results of operations and business of Oxford-Knight International,
Inc. that involves risks and uncertainties. The Company's actual
future results could materially differ from those discussed. Risks and
uncertainties of the Company will be detailed from time to time in the
Company's periodic reports. The company intends that such statements
about the Company's future expectations, including future revenues and
earnings, and all other forward looking statements be subject to the
"safe harbors" provision of the Private Securities Litigation Reform
Act of 1995.
Investments 101, Ltd. has been retained by Oxford-Knight to
provide investor relations services for a period of three months
beginning April 8, 1999. Investments 101, Ltd. is being compensated
for services rendered with 150,000 shares of free-trading common
stock. Jeff Brommer, his family, friends, and associates may from time
to time buy and sell the above mentioned security in the open market.
--30--lih/cgo*
CONTACT: Investments 101, Ltd.
Jeff Brommer, 630/761-8062 |
