Afrayem, did you state that Fifth Avenue Communications is a sole proprietorship, and that it is not nor was part of a public company?
You must be getting very forgetful, here is a CEA Labs press release fresh off of Bloomberg to help you remember.
PRN CEA LAB, INC. TO SELL FIFTH AVENUE COMMUNICATIONS TO AUBURN
Jan 7 1997 11:31
WICHITA, Kan., Jan. 7 /PRNewswire/ -- CEA LAB, Inc. (OTC Bulletin Board: CEAL) announced today that the Company has signed a binding letter of intent to sell the assets and business of Fifth Avenue Communications to Auburn Equities, Inc. (OTC Bulletin Board: AEQS) in exchange for $250,000 cash and 1,250,000 restricted common shares of Auburn Equities, Inc., subject to the approval of the Boards of Directors of both companies and the shareholders of Auburn Equities, Inc. The Company said that if the transaction is approved by shareholders, Auburn Equities, Inc. would change its corporate name to Fifth Avenue Communications, Inc. at the closing.
Jeffery N. Young, CEA LAB's president said, "We are excited about the merger with Auburn Equities as it gives Fifth Avenue Communications the public vehicle we really need to make additional acquisitions and to raise equity funding. After the closing, assuming shareholders approve, we plan to incorporate the Company in Delaware and change the corporate name to Fifth Avenue Communications, Inc. Our corporate goal, in addition to generating respectable earnings, is to have our stock listed on the Nasdaq Small-Cap exchange as soon as possible. We anticipate a closing date of March 31, 1997."
CONTACT: Misha Mohr or Deana Hamilton of Fifth Avenue Communications,
800-992-6618; or Jeffery N. Young, President of CEA LAB, Inc., 316-688-0800/ CEAL AEQS)
CO: CEA LAB, Inc.; Auburn Equities, Inc.; Fifth Avenue Communications
ST: Kansas
IN:
SU: TNM
Afrayem, who is the liar?
Who is the paid hack for the shorts who wrote this CEA Labs press release? |
