Here's a the latest news from MPA. I wonder what they mean by this; "Increased sales due to our Internet initiatives may well prompt the board to seek a US listing." If I'm not mistaken a NASDAQ listing would require a price of US$5.
MASTERPIECE GAMES, INC. ("MPA-V;MGESF-L") - Approves Directors
Yasser Seirawan, President of Masterpiece Games Inc. announces that the Company held its first annual shareholder meeting December 15th, 1998. The board of directors of Faneuil Adams, Jonathan Berry, Bruce Harper, Robin Harper and Yasser Seirawan was approved. The board of directors sincerely thanks the shareholders who attended the meeting, and those that voted by proxy, for their continued support.
At the shareholders meeting, discussions were held between shareholders and management regarding the company's initiatives for 1999. The board spoke about their expectations of increased sales due to the launching of a new Internet chess site expected in the first quarter of 1999. Yasser Seirawan, President of Masterpiece Games Inc.: "Increased sales due to our Internet initiatives may well prompt the board to seek a US listing. The company announced that it had joined Amaxon.com and their advantage program. And posted a profit of $33,982 for the quarter ended October 31, 1998."
Masterpiece Games Inc., has 9,042,272 shares issued and outstanding. The shares have recently traded in the range of 5-10 cents a share.
Masterpiece Games Inc., is a publicly traded holding company for its wholly owned subsidiary International Chess Enterprises (ICE). Based in Seattle, ICE is a high technology publishing company specializing in the game of chess. ICE publishes magazines, books, software, CDs and has an on-line electronic magazine. Further information on the company is available at its web site (www.insidechess.com). TEL: (206) 286-9764
Yasser Seirawan, President FAX: (206) 283-4363 E-mail: yasser@insidechess.com Internet: www.insidechess.com
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