(PR Wires) DJ: Action Sports International, Inc. in Negotiations To Mer
DJ: Action Sports International, Inc. in Negotiations To Merge with Manhattan
Financing Inc.
IRVINE, Calif., June 22 /PRNewswire/ -- After nine months of negotiations,
Action Sports International, Inc. (OTC Bulletin Board: ACTB) has announced
they are in the final stages of a merger with Manhattan Financing Inc.
Lambert Vander Tuig, president of Action Sports, comments: "In the past,
Manhattan Financing has arranged for the majority of the financing needs of
our factory, and we feel that this asset will become the primary vehicle
used for the aggressive acquisition campaign of 1999."
Action Sports International, Inc. is a multi-dimensional company that
manufactures, distributes and licenses Generation X and Y products. They
currently own the trademarks and licenses to Stinger Wakeboards(TM), Mutiny
Freeboards(TM) and Edge Snowboards(TM).
Except for historical matters contained herein, the matters discussed in
this news release may contain forward-looking statements and are made
pursuant to the safe harbor provisions of the Private Securities Reform Act
of 1995. These forward-looking statements may reflect assumptions and
involve risks and uncertainties that may affect Action Sports
International's future business and prospects and could cause actual results
to differ materially from these forward looking-statements.
/CONTACT: Action Sports International, Inc., 949-789-7525/
11:18 EDT
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