Friday August 28, 2:31 pm Eastern Time
Company Press Release
Corporate Vision President Statement to the Shareholders
JERSEY CITY, N.J.--(BUSINESS WIRE)--Aug. 28, 1998--Corporate Vision (OTC:CVIA - news) President and CEO K.A. Anderson issued this statement to the shareholders of Corporate Vision:
Recently Corporate Vision made changes from within its corporate structure by adding a new board of directors and CEO. With the new talent and management of this company, we are approaching Corporate Vision as a turn around company and have chosen to evolve this company into a holding company. We are aware that the past ventures of Corporate Vision have been less than spectacular in the eyes of the investment community, which then led to these changes and business strategies. We have assembled a very motivated, diverse and talented group of individuals, willing to do whatever it takes to lead Corporate Vision to a prosperous future.
With that thought, I would like to publicly address our new business models and plans. Our goal is to be able to offer smaller, but successful, businesses, the opportunity to take advantage of investor's interests in such companies, by taking these companies public and to allow them access to capitol available on the Over-the- Counter Markets (OTC) and other national markets.
The basic standard we are setting for these small companies are: the company should have upwards of $1 million in assets, proprietary rights, patents, projected or proven revenues or proven business plans, and minimal debt. These small companies principals must be willing to retain a 50% ownership status of their business for the following 3 years from the date the company is brought public. We will not limit these companies to any certain market sector or subject them to any intrusive management practices, from CVIA.
Corporate Vision will consider buying a certain amount of a corporation's private stock, with the agreement CVIA is allowed to take these companies public in a set time frame. CVIA also retains the right to negotiate any stock strategies or methods needed to take these companies public, and for CVIA to have a three-year seat on the new companies board of directors, to over see Corporate Vision's best interests and protect our investment. CVIA will then additionally fund any additional fees or expenses incurred during the going public process.
Once the private company is ready to be taken public, it will be a collective effort by both the private company and CVIA as to issuing the stock for public distribution. Corporate Vision will retain the exclusive right to place as much of this companies stock as needed to recoup the cost outlay plus a profit, once the market makers have been assigned these shares to sell. Then the private company will be able to assign the stock they wish to sell in this IPO.
The end result should be that Corporate Vision should be able to retain a 10 to 15% position in this new company after the IPO at minimal costs. While also allowing CVIA to distribute these new shares to our stockholders as dividends, thus helping our shareholders to create a diverse portfolio by simply owning CVIA stock. Corporate Vision feels that this service should both attract new business opportunities for both private business and our shareholders alike.
We are in the process of relocating our offices. Once this is completed we encourage both interested businesses and investors to contact us at 918/747-2842.
Corporate Vision Inc. is a fully reporting company with the SEC. This press release contains forward looking statements with respect to the results of operations and business of the company that involve risks and uncertainties. Risks and uncertainties of the company are detailed from time to time in the company's filing with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Corporate Vision, Jersey City
Keith Anderson, 201/795-1468
--------------------------------------------------------------------------------
biz.yahoo.com |
