CHES NEWS....
Chester Holdings, Ltd. To Acquire PharmaOn-line.com, Inc.
FLANDERS, N.J., Jun 16, 1999 (BUSINESS WIRE via COMTEX) -- Chester
Holdings, Ltd. (Electronic Bulletin Board symbol:CHES) today announced
that it signed a Letter of Intent to acquire all of the shares of
PharmaOn-line.com, Inc. from the Gladstone Group, Inc. of Mt.
Arlington, NJ. No details of the proposed acquisition were available.
PharmaOnline.com has developed a proprietary Internet infrastructure
allowing pharmacies to order and control inventory of generic drugs.
The Gladstone Group, which currently provides disease state management
programs to chain and independent pharmacies throughout the United
States, will support Chester Holdings in marketing the system. This
proposed acquisition is one ofseveral currently under consideration by
Chester.
"Safe Harbor" Statement under the Private Securities Litigation Act of
1995; to the extent that this press release makes statements about the
future, such statements are forward looking and subject to a number of
risks and uncertainties, including, but not limited to, the inability
to complete and file the 10K's and 10Q's. These risks could effect the
ability of the Company to successfully reorganize and resume operations
as stated in any forward looking statements made by, or on behalf of
the Company. There is no assurance that the Company will be able to
achieve any of its intended objectives.
For more information please FAX requests to 1-864-962-8638. |
