Corporate Vision, Inc. Announces Agreement of Merger
TULSA, Okla., Aug. 21 /PRNewswire/ --
Corporate Vision, Inc. (OTC Bulletin Board: CVIA) announced today that an Agreement of Merger has been signed to merge with Venture Planning Inc., a privately held Oklahoma Corporation. The consummation of the merger is subject to the fulfillment of a number of conditions set forth in the Agreement of Merger. The new company will retain the Corporate Vision, Inc. name and stock symbol.
Among other benefits this merger, if consummated, will bring the following assets to Corporate Vision, Inc.:
* Approximately 2000 miles of intra-state Oklahoma natural gas
pipeline
* New England based agri-farming, residential and commercial real-estate
developments and natural resource reserves
Corporate Vision, Inc. will seek shareholder approval of the merger via proxy vote on or before October 1, 2000.
Keith Anderson, CEO and President of Corporate Vision, Inc., issued the following statement about the proposed merger, "We feel that this merger positions us for the kind of growth that we have sought for Corporate Vision and will expand our asset bases for our future business. Many of the assets that Venture Planning brings to us complements and enhances our ongoing projects and subsidiary companies."
Mr. Anderson has been asked to remain as CEO and President of the new company although no definitive agreements have been reached at this time.
Statements in this press release which are not historical, including management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that actual results could differ materially from any such forward-looking statements. Although management expects the proposed merger to position the Company for growth and flexibility, actual results may vary and cannot be guaranteed.
For more information about Corporate Vision, Inc., send email to cvia@thestockadvisor.com, or visit www.thestockadvisor.com .
Contact Information:
The Stock Advisor
Wally Wilkins
859-236-7420
wally@thestockadvisor.com |
