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Tuesday September 29, 3:19 pm Eastern Time
Company Press Release
Nehttp://biz.yahoo.com/bw/980929/nettaxi_1.html CAMPBELL, Calif.--(BUSINESS WIRE)--Sept. 29, 1998--Nettaxi Inc., a Nevada corporation, approved for trading on the NASD Electronic Bulletin Board, (OTC BB:NTXY), Tuesday announced that it has completed the acquisition of Nettaxi Online Communities Inc. (''Nettaxi OCI''), a Delaware corporation.
As part of the acquisition of Nettaxi OCI, the company raised $1 million, changed its name from Swan Valley Snowmobiles Inc. to Nettaxi Inc., appointed a new board of directors and changed its offices to Campbell, Calif. The company also effectuated a 1.515 to 1 reverse stock split which is effective with the commencement of business on Wednesday, Sept. 30. |