Finally some hard news on Firelight.Hope this means they are revving up the company for action.We will start some new DD and report back.If anyone can help, please post.
Firelight amends agreement of True Golf acquisition
Firelight Corporation FRL
Shares issued 8,592,571 Jun 27 close $0.30
Wed 28 Jun 2000 News Release
Mr. Roy McDonald reports
Firelight has entered into an amended agreement, subject to regulatory
approval, to acquire all of the shares of True Golf Technologies Inc. from
Roy McDonald and Norman Bradburn Hope (directors of Firelight), in return
for the issuance of 600,000 common shares at a deemed price of 40 cents per
share.
True Golf Technologies Inc. has certain assets that are consistent with the
Firelight product line and complement the company's marketing and
distribution system. Those assets include video contracts with Beth Daniel
and Nancy Oliver and a right of first refusal for Butch Harmon training
videos. True Golf also has production contracts with Texas Video and Post
(TVP), a production company, to film and produce these videos.
The terms of the sale state that True Golf will deliver to Firelight fully
paid and completed video tape productions and associated contracts,
True Golf has completed the filming of two videos featuring Ms. Daniel and
Ms. Oliver.
Ms. Daniel is an LPG Hall of Fame (1999) golfer ranked second in career
earnings ($5,688,050 (U.S.)).
Ms. Oliver is the founder and president of the Executive Women's Golf
Association (approximately 14,000 members) and is recognized as the leading
authority on businesswomen's golf throughout America.
Butch Harmon is the coach of Tiger Woods and other well-known players. |
