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Monday April 19, 12:55 pm Eastern Time
Company Press Release
Fronteer Financial Holdings, Ltd. Announces Name Change to eVision USA.Com, Inc.
DENVER--(BUSINESS WIRE)--April 19, 1999--Fronteer Financial Holdings, Ltd. (Fronteer) (OTC: FDIR - news) announced the results of its Annual Meeting of Stockholders held at the Company's headquarters in Denver, Colorado, on Tuesday, April 15, 1999.
Proposals before the shareholders that were approved included a change of the Company's name to eVision USA.Com, Inc. (eVision). According to Mr. Fai H. Chan, Chairman and Chief Executive Officer of the company, ''The name eVision better emulates the direction we are headed with the Company, which is to operate as a financial services company with Internet-based capabilities for accomplishing those services.''
Fronteer, now eVision, is a Denver-based holding company with consolidated entities that include American Fronteer Financial Corporation, a regional securities broker/dealer, eBanker USA.com, Inc. which offers, among other things, Internet-based high-yield lending opportunities, and Secutron Corp., a computer hardware seller and software developer. Consolidated developing companies include eBroker USA.Com, Inc., a proposed on-line securities brokerage business and Q6 Technologies, Inc., a business venture surrounding technology-based virtual processing arenas with John Cusick, former founder, chairman and CEO of Primestar as its chief executive officer.
Other proposals approved at the meeting were the election for another one-year term of the current five members of the Board of Directors and an increase in the number of shares authorized to be granted under the Company's stock option plan.
The shareholders did not approve a proposal for a reverse stock split of its common shares of up to 1 for 20 shares. Leading the way on the rejection of the proposal was Heng Fung Holdings Limited, the majority shareholder in the Company.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
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Contact:
Fronteer Financial Holdings, Ltd.
Gary L. Cook, 303/860-1700
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