GMCH, friendly reminder!
You can own 1 share of GMCH's new e-commerce company for only .05 a share for every 2 shares you own of GMCH.
In today's penny arena that is a steal.
GMCH, it is on the Golden Lists.
biz.yahoo.com
GMCH E-Commerce Division Rights Offering Shares to be Freely
Tradeable
NEW YORK, Jan. 28 /PRNewswire/ -- Gourmet's Choice Coffee Co., Inc., (OTC Bulletin Board: GMCH - news) announced today that the shares issued in its
E-Commerce Division Rights Offering are to be freely tradeable. The Rights Offering will be pursuant to an exemption from registration provided by Regulation D, Rule
504 promulgated under the 1933 Securities Act as amended.
GMCH intends to register this Rights Offering in a state whose law requires public filing and delivery of disclosure documents before the sale of securities in such state. In
this manner, the Company will, after registration in such state, deliver disclosure documents to all of its shareholders of record (excluding affiliates and controlling
shareholders, which includes management) as of March 31, 2000, and therefore, offer them freely tradeable shares.
All GMCH shareholders as of record date of March 31, 2000 will receive one (1) right to purchase one (1) share of the common stock of the E-Commerce Division for
$0.05 for every two (2) shares of GMCH that they own. Affiliates and controlling shareholders, which include management, shall not be eligible to participate in the Rights
Offering.
GMCH's E-Commerce division features its on-line store for the Company's Gourmet Coffee and related items. (http://www.Gourmetschoicecoffee.com). GMCH is
currently in the process of a major up-grade to its on-line coffee store and also selecting several URL's in order for consumers and shareholders to access the site in
numerous methods.
Gourmet's Choice Coffee Co., Inc. is a U.S. holding company whose strategy is the acquisition of both domestic and international beverage companies that complement its
existing business, distribution and product lines.
James Tilton, President of GMCH, stated, ``I am sure that our shareholders join me in my excitement of the E-Commerce Division Rights Offering.'
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve
risks and uncertainties, including, without limitation, the ability of Gourmet's Choice to accomplish its stated plan of business. Although Gourmet's Choice believes that the
assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no
assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking
statements included herein, the inclusion of such information should not be regarded as a representation by Gourmet's Choice or any other person that the objectives and
plans of Gourmet's Choice will be achieved. |
