YSCO remember this one? News out.
Yes Clothing Co. To Merge With Yes Clothing Co. Inc.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 26, 2000--Yes Clothing Co., a California corporation, (the
``company'') (OTC:YSCO - news) Thursday announced that its board of directors and shareholders approved the merger of the company into Yes Clothing Co.
Inc., a newly formed Nevada corporation (``YCCI'') (OTC:YCCI - news).
The merger will be effected through the distribution of one share of YCCI common stock, $.001 par value, for every 100 shares of the company's common stock,
no par value. This distribution will be effective upon the opening of business on Oct. 27, 2000 and the shares of YCCI will be distributed to the company's
shareholders of record on Sept. 8, 2000.
A shareholder's fractional interest in a share of the company's common stock will be treated as a whole for the purpose of this distribution.
The company has indicated that the purpose of the merger is to reincorporate in Nevada. YCCI will operate as a holding company who will seek and develop
business opportunities in the United States and worldwide.
The company will function as its own transfer agent for this action. Its address is 4695 MacArthur Ct., Suite 1450, Newport Beach, Calif. 92660 and its telephone
number is 949/833-2094.
On Oct. 27, 2000, the company will trade under the ticker symbol ``YCCI'' to reflect the name change to Yes Clothing Co. Inc.
Note: The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this news
release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are
forward-looking, such as statements relating to plan for future expansion and other business development activities, as well as other capital spending, financing
sources and the effects of regulation (including gaming and tax regulation) and competition. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking
statements made by or on behalf of the company. These risks and uncertainties include, but are not limited to, those relating to development and construction
activities, dependence on existing management, leverage and debt service (including sensitivity to fluctuations in the interest rates), domestic or global economic
conditions, activities of competitors and the presence of new or additional competition, fluctuations and changes in customer preferences and attitudes, changes in
Federal or State tax laws of the administration of such laws and changes in gaming laws or regulations (including the legalization of gaming in certain jurisdictions).
For more information, review the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K and certain
registration statements of the company.
Contact:
Yes Clothing Co. Inc., Newport Beach
Jonathan Small, 949/833-2094, Ext. 723 |
