Wednesday March 1, 2:08 pm Eastern Time
Company Press Release
SOURCE: Corporate Vision, Inc.
Corporate Vision, Inc. Announces the Public Offering
of Its Subsidiary Company
TULSA, Okla., March 1 /PRNewswire/ -- Corporate Vision, Inc. (OTC Bulletin Board: CVIA - news) is pleased to announce the
impending Public Offering of a primary operating subsidiary, CVI Development.
CVI Development, Inc., currently a wholly owned subsidiary of CVIA, is involved in residential and commercial real estate land
development. Parent company Corporate Vision, Inc.'s Board of Directors has selected Eric Farris of Manchester, New
Hampshire, as the CEO of the soon to be independent public entity. CVIA plans to have a retained twenty percent (20%)
ownership position in CVI Development once the public offering has been completed. The proposed stock ticker symbol for this
new company will be CVID.
CVI Development is in the process of procuring two large parcels of prime undeveloped residential real estate located in New
Boston, NH. These parcels of land will be developed as master planned communities for upper middle class housing projects and
will be a joint venture with Waller Construction Group of New Hampshire. Near term development projects and operations will be
geographically focused in the New England region of the United States.
Corporate Vision, Inc. President and CEO Keith A. Anderson issued the following statement, ``We believe Corporate Vision, Inc.
stock is undervalued at this time. By allowing our subsidiary companies to operate as separate public entities, shareholder value will
be increased thus allowing these subsidiaries to obtain additional funding to carry out their individual business plans in a more rapid
and efficient manner.'
Shares of CVI Development will be issued to Corporate Vision, Inc. shareholders at a future unspecified date anticipated to be in
March or early April of this year.
For further information please contact Barry Hall at Corporate Vision, Inc. (918)307-2243.
SOURCE: Corporate Vision, Inc. |
