Zulu-tek, Inc. (ZULU) Message Board

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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: PartyTime who wrote (15499)	11/10/1998 8:26:00 AM
From: Brady B.	Read Replies (2) of 18444

Old PR. Needs clarification.............. LOS ANGELES--(BUSINESS WIRE)--Sept. 11, 1998-- Enhanced Services Company, Inc. (Nasdaq Small Cap: ESVS - news) today announced that it has completed the acquisition of the assets of Zulu-tek, Inc., in a transaction valued at approximately $30 million in convertible and redeemable preferred shares of ESVS. The convertible preferred shares of Enhanced Services issued to Zulu-tek will be converted to common shares and distributed to Zulu's shareholders promptly after ESVS stockholders' meeting and regulatory approval and registration. After the conversion of the preferred shares, ESVS will have approximately 15,500,000 common shares outstanding. End PR If I am reading this correctly, we're waiting on regulatory approval and registration and not really the shareholders meeting. The shareholders meeting will probably be to update shareholders on the acquisition and convert the preferred shares. According to the PR, the deal IS DONE (has been done). The only thing that would delay it would be regulatory approval. bb

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