Treasury International, Inc. Reduces Shares Outstanding
TORONTO--(BUSINESS WIRE)--May 8, 2000--Treasury International Inc. (OTC BB: TREY) today announces a reduction in the numbers of shares issued and outstanding.
In accordance with GAAP, 3.2 million shares of common stock have been canceled relating to the purchase of Pioneer Media Group in April 1999. Further, in a separate transaction, 600,000 shares of common stock have been repurchased from a director.
Dale Doner, CEO and President states, "Another step has been taken to establish the value package for Treasury International's shareholders; these changes are soon to be reflected with the release of the 1999-2000 audit. Pay particular attention to the building asset base and 'its coming to market.'"
"Much effort by management, employees and active shareholders has resulted in this company's re-entry into the market place as a legitimate commercial entity. The challenge ahead of us now will be supporting the rapid growth in the sales results, increasing exponentially as the business world adopts the Company's Active Business Solutions suite of products:
-- ActiveCatalog for print catalog publishing and ActiveCD-ROM catalogs;
-- ActiveDataHost a development tool for the building Online Trading Co-operatives and aggregated databases;
-- ActiveCommerce a powerful E-commerce and E-business solutions for manufacturers and distributors that includes: an E-catalog, online Order desk, Proposal and quoting module, Banner advertising, Reporting and Site Maintenance tool sets;
-- ActiveRMS an Internet-based Point of sale Retail Management Software System for Retailers.
Certain information in this news release is forward-looking, relating to matters that may be affected by risks and uncertainties in the Company's business. These forward-looking statements are qualified in their entirety by the cautionary statements continued in the Company's Securities and Exchange Commission filings.
Contact Information:
For more information about ActiveCatalog, ActiveCommerce, ActiveDataHost or ActiveRMS, send email to info@compelis.com or info@retailport.com.
CONTACT: Treasury International, Inc.
Dale Doner, 360/895-0937, 360/895-1303 fax
Marlin Doner, 519/579-9500 x222, 519/579-4299 fax
info@treyinvestor.com
treyinvestor.com |
