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Microcap & Penny Stocks : FutureTrak International, symbol FTRK
FTRK 0.431-0.5%Nov 6 3:47 PM EST
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To: Don Hand who wrote (565)5/10/1999 10:45:00 AM
From: Don Hand  Read Replies (2) of 663
 
from a kind person on yahoo under CLRT
FTRK REVERSE SPLIT
by: jetson_62
1362 of 1362
8k

Celerity shall change its name to FutureTrak International,
Inc. and shall change the symbol for its common stock to FTRK
or such similar symbol as may be available

Upon the consummation of the merger of FutureTrak with and into
Celerity or a subsidiary of Celerity upon the terms described in this Letter (the "Merger"), Celerity will issue one share of the common stock of
Celerity for each issued and outstanding share of the common stock of FutureTrak. The foregoing assumes that FutureTrak will, prior to Merger,
consummate a 1 for 4 reverse split of its issued and outstanding shares of common stock, such that 9,546,195 shares of such common stock will
be outstanding upon consummation of the date of the Merger.

each of the Companies agrees to negotiate in good faith and cooperate with the other party in connection with the preparation of definitive
agreements, to use its commercially reasonable
efforts to complete such preparation and execute and deliver definitive agreements prior to June 30, 1999

It is anticipated that the consummation of the transactions
contemplated herein will occur on or before October 30, 1999, or such other date as the parties may agree.
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