TELS, VGNV reverse mergers
REVERSE MERGER: our profile list stock TELS (0.05 x 0.06) issued a press release announcing that it has signed a letter of intent pursuant to which TELS will acquire 100% of the shares of Strategic Futures & Options, Inc., in exchange for 18,500,000 shares of TELS common stock. The acquisition is scheduled to close on July 25, 2002, and is subject to numerous conditions that must be met prior to closing. TELS anticipates that Strategic Futures & Options will assume management control of TELS after the closing.
REVERSE MERGER: our profile list stock VGNV (0.0 x 0.0001) (now NTCG) filed a 10Q stating that it has signed a merger agreement with Olympic Environmental, LTD. In connection with the merger, a 100,000 to 1 reverse common stock split was authorized. Neoteric Group, Inc. (Fomerly Voyager Group, Inc.) will be in the business of production and development of Solar Photovoltaic (PV) systems for various energy applications, the development of general solar systems and devices and the assembly of PV.
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