AGIS-Formerly ATCT Message Board

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Microcap & Penny Stocks : AGIS-Formerly ATCT

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To: Zencone who started this subject	7/15/2003 7:44:26 AM
From: Northern Marlin	of 722

This would appear to bring the sad saga of AGIS.OB to a close. Here's the link to the press release: biz.yahoo.com Here's an excerpt from the release: In accordance with the terms of its existing senior and subordinated loans, as well as the terms of the agreement with AllServe, Aegis will be required to repay its obligations to various lenders from the proceeds of this transaction. The costs of the transaction will also be paid out of these proceeds. Given the level of the total consideration and the existing debt obligations of Aegis, the company currently does not envision any payments to its preferred stockholders (other than possibly the Series B) or to its common stockholders. Aegis, as the surviving entity in the merger, will be a wholly owned subsidiary of AllServe Systems, PLC. The merger agreement is subject to certain conditions, including approval of the merger by the stockholders of Aegis. It is anticipated that a special meeting of Aegis stockholders will be held, and the merger closed, during the third quarter of 2003. Phil

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