From La Guardia GFS, twotrade.com :
Internet Solutions For Business (OTC BB: ISFB) has filed an 8k statement
with the US Securities and Exchange Commission ("SEC") Pursuant to an
Agreement and Plan of Merger (the "Merger Agreement") dated as of May 11,
2000 between Chauvin Enterprises, Inc., a Delaware corporation "Chauvin"),
and Internet Solutions For Business, Inc., a Nevada corporation ("ISFB"),
all the outstanding shares of common stock of Chauvin were exchanged for
100,000 shares of common stock of ISFB and other consideration consisting
of cash and payment of certain fees and expenses in an aggregate amount
equal to $144,970, in a transaction in which ISFB was the surviving
corporation.
The Merger Agreement was adopted by the unanimous consent of the
Board of Directors of Chauvin and approved by the unanimous consent of the
shareholders of Chauvin on May 4, 2000. The Merger Agreement was adopted
by the unanimous consent of the Board of Directors of ISFB on May 4, 2000.
A copy of the Merger Agreement is filed as an exhibit to this Form 8-K and
is incorporated in its entirety herein. The foregoing description is
modified by such reference.
Prior to the merger, Chauvin had 1,627,000 shares of common stock
outstanding which shares were exchanged for 100,000 shares of common stock
of ISFB. By virtue of the merger, ISFB acquired 100% of the issued and
outstanding common stock of Chauvin.
ISFB is currently dealing with several minor issues with the NASD and
anticipates it will return to full trading status on the OTC BB within the
next 15 days. As soon as La Guardia GFS is notified of any further
developments in the "re-listing" of ISFB we will notify our client base
via e-mail. La Guardia further anticipates that it will issue a STRONG
BUY and HOLD rating on ISFB as soon as the "re-listing" occurs.
To review the complete 8k filing go to:
freeedgar.com
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As always, we encourage and recommend highly that any investor do their own due diligence prior to making any investment, and we do not advocate purchasing shares in any company based on this recommendation and/or technical analysis alone.
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