you can also pull up HARD by typing in novacrete & you're there
Stratford Acquisition announces amendment of financial statements and
possible share cancellation
NEW YORK--(BUSINESS WIRE)--April 24, 1997-- Stratford Acquisitions Corp
announced Thursday that it has received amended audited financial
statements from its accountants for the company's fiscal year ending May
31, 1996.
It further announced that it has un-audited quarterly financial
statements for company quarters ending Aug. 31 and Nov. 30, 1996.
Stratford plans to file an amended 10K for 1996 and amended 10Q's for
its first two quarters of fiscal 1997.
The company's new management team also reported that its ongoing review
of historical corporate records has identified 1,885,600 million shares
that may have been issued unlawfully and which therefore may be subject
to cancellation. Further review is in progress, and the company expects
to make a final determination on or about April 30, 1997.
The shares in question represent approximately 18% of the total shares
outstanding. The company has notified the shareholders of record, that
are affected by this decision, of the possibility that their shares may
be canceled.
The company also announced today that it has retained Investor
Communications Co. of Bethesda, Md. to provide its investor relations
services.
Stratford Acquisition researches, develops and manufactures an additive
that enhances the performance of mortars used in new construction and in
the repair of deteriorating concrete structures.
The additive is blended, in various proportions, with cement and sand to
create a wide range of special application mortars. The additive also
increases the strength and flexibility of concrete used in residential,
commercial, and industrial applications.
CONTACT: Investor Communications Co.
Mark Elenowitz, 800/419-5211
Tom Bostic, 800/419-5311
------------------------------------------------------------------------
Help |
