Folks, can you believe this, a press release!!!
Monday April 26, 11:38 am Eastern Time
Company Press Release
Chester Holdings LTD., Announces Restructuring
FLANDERS, N.J.--(BUSINESS WIRE)--April, 26, 1999--Chester Holdings Ltd. (Electronic Bulletin Board symbol CHES), inactive since 1995 announced that it has begun the process of restructuring its business organization and expects to resume operations as a holding company in the near future.
The Company's only operating subsidiary, Fidelity Medical, Inc., was sold to Medical Laser Technologies, Inc. in 1995 and the management of the Company devoted their efforts to operating that business. In April of 1998 control of Fidelity Medical Inc. was transferred to another group of investors and the Company's management decided to refocus their efforts and intends to resume the Company's operations by the third quarter of 1999. As of this date the Company has no immediate prospects and is unable to assure stockholders that its efforts to associate with an operating business will be successful.
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Contact:
Linda Pellegrino
Frohling, Hudak & McCarthy, P.C.
201/433-4988
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