To Become Fully Reporting Company
SALT LAKE CITY, April 30 /PRNewswire/ -- Coconino S.M.A., Inc. (OTC Bulletin Board: CSMA
- news) today announced its intention to merge with Buffalo Capital IV, Ltd. (OTC Bulletin Board:
BUFF - news), a fully reporting development- stage company headquartered in Boulder, CO. While
Buffalo Capital IV, Ltd. will be the surviving entity, Coconino management will remain in place and a
name change is contemplated in the near future.
In announcing this development, Hamlin K. Elrod, Coconino's president, commented, ''Since 1995, our
company has recognized the next step to success was as a fully reporting entity. Coconino has
decided that a merger best suits our desire to become fully reporting in the shortest possible period of
time.''
Elrod indicated that existing Buffalo Capital shareholders would retain a five percent (5%) interest in
the merged entity. ''Management considered several alternatives to becoming fully reporting and
concluded this direction was the most expedient. It significantly reduces the time necessary to
complete the Form 10 process, '' he said. ''We have had ongoing discussions with several venture
capital sources these past few months, all of whom have considerable interest in funding our stated
growth objectives for the next five years. They all have restrictions regarding consideration of any
investment in a company that is not fully reporting. We understand and appreciate that, so we are
taking the most direct route to allow them to bring their commitments to a rapid conclusion. In fact, we
hope to be able to announce one such commitment very shortly.''
Coconino will be able to use a capital infusion to accelerate the expansion of their Ad-HaTTeRs
subsidiary which has been on a record gross and net revenues pace for the current fiscal year ending
May 31st, far exceeding its projections. The parent company also has plans to expand its Enviro-Tec,
Inc. industrial and commercial waste disposal operations. It will also support continued acquisition of
producing properties for its Coconino Oil & Gas subsidiary.
Coconino S.M.A. is a diversified company involved in natural resources development through its
Coconino Oil & Gas, Inc. subsidiary headquartered in Roswell, NM and non-toxic industrial and
commercial waste disposal through its Enviro-Tec, Inc. subsidiary with offices in Salt Lake City, UT
and Roswell, NM. The company also offers consumer products and services through two other
subsidiaries; Ad-HaTTeRs, Inc. headquartered in Centennial Park, AZ, and LPS, Ltd. located in
Birmingham. AL.
SOURCE: Coconino S.M.A., Inc.
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