MTLC Signs LOI To Pruchase 90% Of The Shares Of SUGR
Ridgeland, MS, MAR 22, 2002 (EventX/Knobias.com via COMTEX) -- Surg II Inc
(OTCBB : SUGR) and Metalclad Corporation (Nasdaq SC: MTLC) announced today in a
press release that MTLC and SUGR have entered into a letter of intent which
proposes that MTLC purchase approximately 120,150,000 shares of SUGR common
stock for $3,000,000. According to the release, if completed, the purchase would
give MTLC a 90% interest in SUGR.
SUGR shares were inactive in the trading session yesterday.
MTLC shares closed higher in the session yesterday, on less volume than its
20-day average daily share volume.
Date/Time of Daily Brief: 03-22-2002 09:06 ET
Company: SUGR - Surg II Inc
Stock Price @ Publication: $ 0.040
Volume @ Publication: 0
KNOBIAS DISCLAIMER: Knobias has received no compensation from the Company or
Companies mentioned in this story. Knobias is not a registered broker-dealer,
nor investment advisor, and does not endorse or recommend any securities
mentioned. This story is provided for informational purposes only and is not
intended for trading purposes. Knobias shall not be liable for any actions taken
in reliance of any information provided herein. Republication or redistribution
of Knobias content is expressly prohibited without prior written consent of
Knobias.com, LLC.
ABOUT KNOBIAS: Knobias is the first and largest information repository of
Outside Market intelligence and covers thousands of publicly traded small &
microcap companies. Knobias consolidates, analyzes and markets fundamental
research data while providing real-time market monitoring and surveillance.
Using proprietary surveillance, Knobias sifts through thousands of stocks daily
reporting on breaking news and unusual trading. Daily Briefs are published in
real-time to inform investors on the story "behind the story".
For more information, or to receive these stories in real-time, visit:
knobias.com
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com |
