Genesis Media Group, Inc (GNNX) Message Board

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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Harry_Behemoth who wrote (41)	4/17/1998 12:25:00 AM
From: ilh1	Read Replies (2) of 3129

"The Meyer Group Limited is a privately held company in the rapidly growing telecommunications industry. Their principal businesses include the Access Medical Systems Div. that provides electronic claims processing and other telecommunications services to the medical industry and the American Telecommunications Div. that holds an FCC section 214 license and provides both wholesale and retail long distance services." Tuesday April 14, 1:36 pm Eastern Time Company Press Release Inter-Continental Services Announces New Agreement NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 14, 1998-- Inter-Continental Services Corp. (Nasdaq BB:ICSV - news) Tuesday announced it has signed an agreement to acquire the assets of the Meyer Group Limited. Inter-Continental Services will acquire these assets in exchange for stock. The exact number of shares will be established following an audit of the Meyer Group that should be completed about May 1, 1998. Inter-Continental Services shareholders will be asked to approve the transaction at their annual meeting that will be rescheduling after completion of the audit. The Meyer Group Limited is a privately held company in the rapidly growing telecommunications industry. Their principal businesses include the Access Medical Systems Div. that provides electronic claims processing and other telecommunications services to the medical industry and the American Telecommunications Div. that holds an FCC section 214 license and provides both wholesale and retail long distance services. The companies believe the transaction should be completed in about 90 days. Inquiries should be directed to Stacy Smith at 714/629-4120. Contact: Inter-Continental Services Corp., Newport Beach Stacy Smith, 714/629-4120

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