PLANVEST ANNOUNCES NAME CHANGE
VANCOUVER, April 10 /CNW/ - Planvest Capital Corp. (the ``Company'')
announced today that effective April 1, 1997 the name of the Company has been
changed from Planvest Capital Corp. to C.M. Oliver Inc. The Company's trading
symbol has also been changed from ``PLV'' to ``OLV'' on both the Toronto and
Vancouver stock exchanges. Also effective April 1, 1997 the Company was
continued under the Canada Business Corporations Act.
``This marks the beginning of our national campaign to formally announce
the merger initiative between Planvest Pacific Financial Corporation and C.M.
Oliver & Company Limited,'' stated Michael O'Brian, Chairman and CEO. ``By
delivering a consistent marketing message to the public and the investment
community, we are paving the way for this transition and building our
corporate profile and awareness.''
C.M. Oliver Inc. (formerly Planvest Capital Corp.) is a publicly traded
holding company with interests in the financial services industry through its
wholly-owned operating subsidiaries, C.M. Oliver & Company Limited, Planvest
Pacific Financial Corporation and C.M. Oliver Capital Corporation. These
companies, which are currently being merged into one operating entity under
the name C.M. Oliver & Company Limited, provide a complete range of financial
services to individuals, institutions and corporate clients on a domestic and
international level.
``C. Michael O'Brian''
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C. Michael O'Brian, Chairman & CEO
-0- 04/10/97
For further information: Investor Relations, tel: (604) 685-6299 or fax: (604) 602-9316
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