(PR NEWSWIRE) Kensington Completes Phase Two of its Stock Acquisition of M
Kensington Completes Phase Two of its Stock Acquisition of Mail Call, Inc.,
www.mailcall.net
MINNEAPOLIS, Aug. 6 /PRNewswire/ -- Kensington International Holding
Corporation (OTC Bulletin Board: KNSC) and the internet company, Mail Call,
Inc., of Miramar, Fla., announced today that Kensington had completed phase
two of its stock purchase of Mail Call, Inc. Kensington now owns 36% of Mail
Call, Inc. and is working on phase three of the acquisition, at the completion
of which, Kensington should own over 50% of Mail Call, Inc.
Mail Call ( mailcall.net ) uses advanced text-to-speech
technology to read e-mail over a telephone without a computer. The user may
respond to the e-mails by selecting from one of four pre-written responses or
send a personalized voice reply. The user may also fax a message to a
designated fax machine from the phone.
Kensington also announced that its Annual Shareholders Meeting is
scheduled for 10:00 a.m. CDT on Saturday, October 9, 1999. The meeting will be
held at the Company's headquarters located in the Interchange Tower, 600 South
Highway 169, Minneapolis, Minnesota 55426. The record date is August 10, 1999.
The preceding statements are made pursuant to the Private Securities
Litigation Reform Act of 1995, as amended, in order for the Company and MAIL
CALL, INC. to avail themselves of the "safe harbor" provisions of that Act, as
amended. Certain statements in this release and the Company's and MAIL CALL,
INC's financial projections that are not historical fact constitute
"forward-looking information." Such forward-looking information involves known
and unknown risks, uncertainties and other factors, which may cause the actual
results of the Company and MAIL CALL, INC. to be materially different from
results expressed or implied by such forward-looking information. Such risks,
uncertainties and other factors include, but are not limited to: customer
demand not meeting expectations; lack of consistent supply of hardware and
software to service demand; lack of adequate distribution markets; the
inability to generate enough cash to service operations; the loss of the right
to resell or use others products; adverse economic conditions; intense
competition; inadequate capital; unexpected costs; lower revenues and net
income than expected; loss of customers; price increases; failure to obtain
customers; the possible acquisition of a new business or products that do not
perform as anticipated; inability to carry out marketing and sales plans;
changes in interest rates; inflationary factors; inability to meet customer
demand and other specific risks that may be alluded to in this press release
or in other reports issued by the Company or MAIL CALL, INC.
SOURCE Kensington International Holding Corp.
-0- 8/6/99
/CONTACT: Mark Haggerty of Kensington International Holding Corporation,
612-546-2075, fax 612-512-8451, or Ronald Schnell of Mail Call, Inc.,
954-437-4199 ext. 606, E-mail ronnie@mailcall.net /
/Web site: mailcall.net /
(KNSC)
CO: Kensington International Holding Corp.; Mail Call, Inc.
ST: Minnesota, Florida
IN: CPR MLM
SU: TNM
*** end of story |
