MVP Holdings in Final Stages of Negotiation with Overseas
Investment Firm
LA JOLLA, Calif.--(BUSINESS WIRE)--Oct. 14, 1997--MVP Holdings Inc. (OTC BB:MVPH) today announced that it
is in the final stages of negotiation with an overseas investment firm to secure financing of $5,000,000.00.
The collateral for the financing will be the corporation's own stock with a one year restrictive legend. Projected closing
date for the entire financing package is November 14, 1997.
The funds will be used for general corporate purposes to expand the corporation's business. The method of expansion will
include the possible purchase of new operations and needed improvements to existing facilities.
MVP is in the oil and gas business with operations in West Virginia and Louisiana.
Forward looking statements in this release are made pursuant to the ''Safe Harbor'' provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of
competition for the company, new products and technological changes, the company's dependence upon third-party
suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with
the Securities and Exchange Commission.
Contact:
MVP Holdings Inc.
General Information, 800/844-5549 |
