****NEWS OUT****
biz.yahoo.com
Monday June 1, 7:16 pm Eastern Time
Company Press Release
Corporate Vision, Inc. Announces Warrant Dividend to Shareholders
TULSA, Okla.--(BUSINESS WIRE)--June 1, 1998--Corporate Vision, Inc. (OTC Bulletin Board: CVIAD - news) today announced that its Board of Directors has approved a warrant dividend to the shareholders of record as of the close of business June 1, 1998.
The warrant, which will be redeemable for one share of the Company's stock, will be good for one year and will carry a strike price of $3.00.
The business agreement between the Company and Western Oil and Tire Distributors, Inc. (WOTD) continues to progress. Legal counsel for each party is currently reviewing the asset purchase proposal.
Further, the previously announced Regulation S offering, completed in April, was a restricted offering with all funds earmarked for the closing of the WOTD deal only. The funds from the April offering have not been released from escrow. Management remains confident that the WOTD deal is in the best interests of the Company and its shareholders.
This press release contains forward-looking statements with respect to the results of operations and business of Corporate Vision, Inc. that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact:
Corporate Vision, Inc.
Jack Arnold, 918/747-CVIA (747-2842) |
