Some "significant" volume yesterday and news today delaying merger vote, however, things seem to be moving along...
biz.yahoo.com
Thursday April 1, 10:32 am Eastern Time
Company Press Release
Nucleus Announces Special Shareholders Meeting
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--April 1, 1999-- Nucleus, Inc., formerly American General Ventures, Inc. (Nucleus) (OTC BB:NCLS - news), has scheduled a Special Shareholders Meeting to formally vote on its pending merger with Nucleus Holdings (Holdings).
The meeting will be held on Thursday, April 15, 1999, at 10:00 am, at the Hotel Monaco, 225 North Wabash Avenue, Chicago, Ill.
Nucleus has filed a Special Proxy Statement with the Securities and Exchange Commission with respect to this merger and will be mailing the Special Proxy on April 2, 1999, to shareholders of record as of March 8, 1999.
On October 30, 1998, Nucleus entered into a merger agreement with Holdings whereby all of the outstanding shares of Holdings would be exchanged for 5,307,109 newly issued Nucleus shares. The merger is intended to qualify as a tax-free reorganization within the meaning of a statutory merger as described in Section 368(a)(1)(A) of the Code and pooling of interests for accounting and financial reporting purposes. Completion of the transaction is subject to the approval of Nucleus' shareholders.
On December 8, 1998, in anticipation of the merger, American General Ventures changed its name to Nucleus and effected a one-share- for-ten-shares reverse stock split.
About Nucleus
Nucleus is a universal solutions provider, vertically integrating the delivery of information technology and communications. Nucleus offers a flexible suite of products and services, including Internet, intranet, wireless, build-to-order computers, computer hardware and software, and computer integration and maintenance services. Our product and service platform is aimed at enabling our clients to benefit from the convergence of computers and communications.
Contact:
Nucleus, Inc., Colorado Springs
Christopher Walker, 719/548-1616 x16 |
