AREE - Formerly TVSI Message Board

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Microcap & Penny Stocks : AREE - Formerly TVSI

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To: MY OPINION who wrote (4715)	8/5/1998 1:00:00 AM
From: Kenny Low	Read Replies (2) of 6528

So, are we going to have to change the heading for this thread or start another? Looks like Travis Industries Inc. will soon be named 'Arete Corporation' if they get shareholder approval. From FreeEdgar: freeedgar.com "The Board of Directors has determined that changing the corporate name to Arete Corporation. is in the best interests of the Company and the stockholders because the change will enable the Company to: i) mark a clear departure from its former business identity; and (ii) to better represent itself and its subsidiaries to its stockholders and prospective investors as operating under a holding company format intending to induce expansion and growth internally through careful management of resources and through strategic acquisition without unduly diluting the current shareholders' equity ownership." "ARTICLE III Capital "The aggregate number of capital shares which the corporation shall have authority to issue is Five Hundred Million (500,000,000). Except for any class or series of common or preferred shares that may be subsequently established from time to time by resolution of the board of directors pursuant to this Article III, each capital share of this corporation shall be a voting Common Share without par value, shall have unlimited voting rights, and shall be entitled to receive the net assets of the corporation upon dissolution. Issuance of fractional shares is expressly authorized in the discretion of the board of directors or as provided for in the bylaws." Ouch! -Ken-

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