Wednesday October 22 1:00 PM EDT
Company Press Release
Dimensional Visions Signs Agreement With Capital West to Place $1,000,000 of its Securities
PHOENIX--(BUSINESS WIRE)--Oct. 22, 1997--
Board of Directors to Recommend 1 for 25 Reverse Split
Dimensional Visions Group, Ltd. (OTCBB:DVGL) today announced that it has entered into a letter agreement with broker-dealer Capital West Investment Group to use its ''best efforts'' to raise funds amounting to $1,000,000 in net proceeds less expenses and commissions.
The Company's Board of Directors will recommend to its stockholders a 1 to 25 reverse stock split on all outstanding classes of stock. In the interim Capital West will provide $100,000 to $200,000 in short term financing. The actual terms may change and no assurances can be given that the funding will be completed as proposed.
Chairman, George S. Smith, stated ''the contemplated financing reflects the many opportunities we are currently encountering in the marketplace for the Company's DV3D(R) and Animotion(TM) print products; and will enable the Company to increase its sales and marketing functions, with an anticipated increase in sales and revenues in the coming months.''
Dimensional Visions Group, Ltd. produces and markets lithographically printed three-dimensional and animated prints, trademarked DV3D and Animotion, and an innovative voice playback system SmallTalk(TM), to be used with greeting cards, collectible cards, toys and other entertainment products, developed through InfoPak, Inc., its wholly owned subsidiary. InfoPak, Inc. manufactures and markets the InfoPak(TM) hardware and software systems which allow offline information accessibility for those who require mobility in the use of large databases that change frequently.
Contact:
Dimensional Visions Group, Ltd.
George S. Smith, 602/997-1990
or
Capital West Investment Group
Lawrence L. Kohler, 602/954-7711 |
