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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration

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To: enki3600 who wrote (10779)8/23/1999 4:09:00 PM
From: MB  Read Replies (1) of 10903
 
Show's officially over: TPI has filed for bankruptcy protection as of 14:44 today:

August 23, 1999, Mississauga, Ontario - Transformation Processing Inc. (OTCBB: TPII) announced that it had filed a Notice of Intent to seek Reorganization under the Bankruptcy and Insolvency Act of Canada today. The Company is seeking protection from its creditors pending a plan of reorganization. The Company will present a proposal of reorganization within thirty days and will seek creditor approval of the plan. If the proposal is rejected by the Company's creditors, the Company will be liquidated.

Contact:
Elliot H. Lutzker
Snow Becker Krauss P.C.
Phone: (212) 687-3860
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