fdkp now officially wins the "bend over, i'll drive" award.
nice little 150 to 1 reverse split folks. I really really really hope taki got out.
biz.yahoo.com
Tuesday September 25, 3:04 pm Eastern Time
Press Release
SOURCE: The Bauer Partnership
Finders Keepers Inc. Announces Letter of Intent for Agreement and Plan of Reorganization With The Bauer Partnership Inc.
HOUSTON--(BUSINESS WIRE)--Sept. 25, 2001--Finders Keepers Inc. (OTCBB:FDKP - news), a corporation organized and existing under the laws of the state of Nevada (``FDKP'' or the ``Public Company'') has executed a Letter of Intent (``LOI'') to enter into an Agreement and Plan of Reorganization (the ``Plan'') with The Bauer Partnership Inc., a private Boutique International Investment Banking and Institutional Brokerage firm organized and existing under the laws of the State of Delaware (``BAUER'' or the ``Company'').
In anticipation of completing the transaction, Public Company will effect a 150 to 1 reverse split of its common stock and change its name to The Bauer Partnership Inc. The Plan of Reorganization contemplated by the Letter of Intent calls for Finders Keepers Inc. to issue 30,744,000 (post split) shares of its common stock for 100% of the then issued and outstanding common stock shares of The Bauer Partnership, Inc. In connection with the Closing of the Plan of Reorganization, BAUER shall become a wholly owned operating subsidiary of the Public Company.
Finders Keepers Inc. has the corporate authority to issue a total of 200,000,000 shares of its $.001 par value common stock and no preferred. Upon consummation of the Plan of Reorganization contemplated by the Letter of Intent, there will be approximately 34,058,206 shares of common stock issued and outstanding of the newly reorganized public company. At the closing of the transaction (the ``Closing''), the holders of 100% of the issued and outstanding shares of The Bauer Partnership Inc. have agreed to exchange all of their shares of the Company's common stock, which constitute all of the issued and outstanding shares of The Bauer Partnership Inc. for 30,744,000 shares of the Public Company's common stock.
Ronald J. Bauer, founder and CEO of The Bauer Partnership, commented: ``This is an excellent transaction for us as it effectively enables The Bauer Partnership to operate as a listed entity which will allow us additional flexibility to maintain our current growth level. We have proven the success of our business model in Europe and Asia and consequently are continuing to exploit the market opportunity to raise funds for undervalued listed securities no longer favored by the large investment banks.''
The Agreement and Plan of Reorganization is expected to close within the next seven business days.
About The Bauer Partnership Inc.
BAUER is a Boutique International Investment Banking and Institutional Brokerage firm specializing in three core business areas:
Institutional Brokerage
Investment Banking and Corporate Finance
Asset Management.
BAUER has offices in eight locations worldwide with its corporate headquarters located in London and regional headquarters in Geneva, Paris, Dubai, Beirut, Hong Kong, Singapore and Sao Paolo. BAUER has a global network of institutional brokers, who operate from company facilities in these locations. BAUER provides its clients with exposure to global capital markets through sponsored road shows in Europe, Asia, the Middle East and Latin America.
BAUER has identified a growing demand from publicly traded companies with a market capitalization of less than US $1 Billion who require financing in the range of $5 million to $20 million and who are unable to secure large underwriters or who wish to attract a global span of investors to their corporations. BAUER is positioned to introduce and evaluate the potential success and placement of these corporations and their securities.
The ``Institutional Brokerage'' division places publicly traded US securities, through various structured offerings conducted in Europe, Asia-Pacific, the Middle East and Latin America, with small to medium brokerage firms who have a wide client base, fund managers, private pension funds, small to mid-sized banks and insurance companies.
The Bauer Partnership is in the process of launching Bauer Asset Management. This is believed to be a critical component of the long-term success of the company, which over the forthcoming years will become a larger component of the BAUER business model. Bauer Asset Management aims to establish a stable of branded ``BAUER'' funds whose management will be carried out on a ``best of breed basis.'' BAUER has been in negotiations with a number of parties and it is close to announcing the launch of its three flagship funds shortly. The marketing of these funds will be executed through BAUER'S extensive network of offices. Bauer Asset Management is expected to be launched and fully operational by November 2001.
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources and future financial results are ``forward-looking'' statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information.
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Contact:
The Bauer Partnership, London
Annette Masterman, +44 (0)207 712 6402
Fax: +44 (0)207 712 6418
E-mail: annette@bauer-partnership.com
Web: www.bauer-partnership.com |
