GOD SAVE THE QUEEN..THINGS THAT MAKE YOU GO HUMMMM...
Acquisition and Divestments History
The Company restructured during 1986 with unrealizable assets
being written off and the name of the Registrant being changed to
Apache Resources Limited. Subsequently, in 1988, the Company
changed its name to Danzar Investment Group, Inc. and formed,
developed and spun off to its stockholders five public companies,
Pathfinder Data Group, Inc., a company which provided databases
listing replacement values of lost consumer goods to insurance
companies, Phoenix Network, Inc., a reseller of long distance
telephone services, WorthCorp, Inc., a company seeking to
install monitors on the back of airline seats, Forme Capital,
Inc., a financial services company, and Whitehorse Oil and Gas
Corporation, Inc., an oil and gas company. Following these
distributions the Company had no investments in these companies.
From 1988 to 1997 the Company had no business activities and
looked for acquisition or merger candidates. The Registrants name
was changed to Alexander Mark Investments (USA), Inc., in
December 1996 and it became a holding company in May 1997 when it
acquired a controlling interest in a U.K. public company, Meteor
Technology, plc. ("Meteor") of which Mr. Daniel Wettreich, the
then President of the Company, was an officer and director. The
Company had no other operations and its sole asset was its
shareholding in Meteor. Meteor operations consisted of leased
pay telephones in the United Kingdom and licensing of Digiphone
an Internet telephony software product. Mr. Wettreich is also an
officer and director of Camelot Corporation which became the
controlling shareholder of the Registrant at that time. On 20th
March, 1998, Camelot Corporation transferred 51% of the
outstanding shares in the Company to Forsam Venture Funding,
Inc., ("Forsam") a private investment company of which Mr.
Wettreich is also an officer and director. On 23rd March, 1998,
the Company disposed of its sole asset being its shareholding in
Meteor Technology, plc for $59,573 for a profit of $45,997. This
disposal established the Company as in inactive Company with no
business activity. On 31st March 1998, Forsam surrendered
7,495,539 common shares to the Company for the treasury for no
compensation, and entered into a conditional contract to sell all
its remaining shares in Registrant to Mr. Jason Conway for an
undisclosed sum. Also on 31st March 1998, the Company entered
into an agreement with Third Planet Publishing, Inc., a wholly
owned subsidiary of Camelot Corporation to purchase at Third
Planet's historical cost all rights, title and interest to
On April 28, 1998 Forsam Venture Funding, Inc. issued 1,345,295 Preferred Shares, Series X ("Series X") to Registrant in exchange for the 1,345,295 Camelot Corporation Preferred Shares, Series J owned by Registrant. The Series X are non-voting, non-yielding and have a preference over the common shares of
Forsam Venture Funding, Inc. in the event of liquidation
**any thoughts ?? |
