this might be a good reason to talk to the companies you invest in...
posted at 5pm , how convenient, how many investors in this stock will be blindsided tomorrow...imo i think it is important to know how company is obtaining acquisitions. and when the shares are convertible,netz is worth more to me with a 5m float than 20m or 40m. also, i would like to see the reference*address* where you saw that softbank was purchased for 5m, if not too much trouble, i was told by the company the entire deal was a paper swap.not trying to start an uproar, i have conflicting information as opposed to yours and would like to know, not trying to scare anyone either, just trying to make a point that i think contact with company should be part of dd. this is my opinion, nothing more
Wednesday February 18, 5:00 pm Eastern Time
Company Press Release
Interactive Medical Technologies Ltd. Reverse-Splits Its Stock Plus Changes Both
its Corporate Name and Nasdaq Trading Symbol as Part of its New Identity
LOS ANGELES--(BUSINESS WIRE)--Feb. 18, 1998--As part of its Phase III
Program,
Interactive Medical Technologies Ltd., (IMT), NASDAQ BBS trading symbol NONI,
announced that effective Feb. 19, 1998, it will reverse-split its common stock
at a ratio of 75 to 1, plus will change its name to Kaire Holding Inc.
Per Steve Westlund, IMT's chairman and CEO: ''We are taking these steps in order
to more closely identify with our core business and consumers distributors. As
part of our overall program focusing on shareholders' values, IMT's Nasdaq BBS
symbol is also changing from 'NONI' to 'KAHI'.''
Concurrently with the above, IMT is aggressively pursuing various international
acquisition opportunities to further enhance Kaire's image worldwide. ''How we
perceive the new IMT is to become a major force in the multilevel marketing
business by uniquely building shareholder value through strategic partnering,''
Westlund said.
Based in Los Angeles, Interactive Medical Technologies is a diversified group of
companies that collectively provide a range of products and services from
non-radioactive medical contrast imaging media and laboratory support services
to medical researchers studying human blood flow, to food supplements,
anti-oxidants, vitamins, weight management and personal care products to the
receptive growing worldwide baby boomer market.
For more information, visit the company's Web site at www.imt-ltd.com.
Contact:
IMT
Bruce Barren, 310/312-9652
Fax: 310/473-5442
Peter Benz, 310/312-9652 or 415/340-1074 |
