August 02, 1999 13:50
Oxford-Knight International, Inc. to Act as Own
Transfer Agent/Call-In of Stock Mandatory
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GRAND ISLAND, N.Y.--(BUSINESS WIRE)--Aug. 2, 1999--Oxford-Knight
International, Inc. (OTC BB:OKTI), through its President and CEO, Paul
Syracuse announced today that it will begin to act as its own transfer agent in
the coming weeks.
According to Paul Syracuse, "This decision has been made for various
reasons...it will save us much in funds which can be better utilized elsewhere,
we can better service the needs of our shareholders, and for security issues."
As a result of OKTI self-clearing, the company's stock will have a new CUSIP
number, and old CUSIP shares will need to be redeemed for new CUSIP
shares. This is a full mandatory call-in of all stock. The company will notify
shareholders by mail as to how this process will work, and what exactly needs
to be done.
For more information on Oxford-Knight, contact Paul Syracuse at
716-775-0750 or for investor relations, contact Jeff Brommer of Investments
101, Ltd. at (630) 761-8062.
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 one month period beginning July 8, 1999. Investments
101, Ltd. is being compensated for services rendered with 25,000 shares of
rule 144 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.
CONTACT: Investments 101, Ltd.
Jeff Brommer, 630/761-8062
- OKTI
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