Truthseeker told you days ago what the company is just telling you now. Maybe Garrett Krause will have time to answer the Truthseekers questions now. Been a bad week for poor old Garrett. Truthseeker is all knowing.
Sara Hallitex Corporation Announces Chasen's Deal on Hold Pending Issues to be Worked Out by Company and Chasen's Specialty Foods, Inc.
MARINA DEL REY, Calif., May 14 /PRNewswire/ -- Garrett K. Krause,
President and CEO of Sara Hallitex Corporation (OTC Bulletin Board: SHAL), a
California-based venture banking firm, confirms that the Company has put a
hold on the Chasen's International, Inc. transaction until all issues with
Chasen's Food Specialties, Inc. have been resolved.
Sara Hallitex Corporation reiterates that it has a valid agreement with a
majority of the shareholders of 246 LLC dba Chasen's Restaurant to take the
company public. Certain issues have arisen since the agreement was signed,
thus the transaction will be on temporary hold pending the complete resolution
of these issues between 246 LLC dba Chasen's and Chasen's Specialty Foods,
Inc.
Mr. Krause commented, "Sara Hallitex is a full service venture banking
operation in the business to make deals and take promising emerging growth
companies public. In good faith we entered into a contract to provide our
services and capital to this company. I do not fully understand the true
nature of the problem and fully anticipate a complete resolution to the
problem so that we may move forward with our original plans."
Sara Hallitex Corporation is diversified, full service public venture
banking firm, dedicated to acquiring and investing in companies, new
technologies or projects that when fully-developed, can "spin-off" as Nasdaq
publicly traded companies, providing solid and appreciable long-term portfolio
enhancement for its shareholders.
Sara Hallitex Corporation holds substantial equity portfolios in the
following public companies: Janus International, Inc.
(OTC Bulletin Board: JNUS), SolutionNet International, Inc.
(OTC Bulletin Board: SLNN), USLab.com, Inc. (OTC Bulletin Board: ULAB), and
forthcoming SaraIPO - Tril-MediaNet.com, Inc. and Chasen's International, Inc.
Sara Hallitex brought all the above companies public through its unique
SaraIPO program.
Statements in this release are made pursuant to the 'Safe Harbor'
provisions of the Private Securities Litigation reform Act of 1995. Investors
are cautioned that such forward looking statements involve risk and
uncertainties, including without limitation, continued acceptance of the
Company's services increased levels of competition for the company and
dependence on the performance of the management of the company.
For more on Sara Hallitex Corporation look to the Company's World Wide Web
page at www.sarahallitex.com; Or contact: Garrett K. Krause of Sara Hallitex
Corporation, 4344 Promenade Way, Suite 102P, Marina del Rey, CA 90292,
Tel: 310-823-5008 (Investor Relations Dept.) or Fax: 310-827-6255,
Email: invrel@sarahallitex.com.
SOURCE Sara Hallitex Corporation
CO: Sara Hallitex Corporation; Chasen's International, Inc.; Chasen's Food
Specialties, Inc.
ST: California
IN: FIN
SU:
05/14/99 13:37 EDT prnewswire.com |
