Phat Matt, congrats on having the hottest thread today. You might check out POKR today. It's price and volume is in motion due in part to much anticipated 1Q earnings rumored to "exceed expectations". My guess is that the merger with AVIA also is moving forward (details below).
Cheese
PR Newswire, Thursday, July 16, 1998 at 11:10
FORT LAUDERDALE, Fla., July 16 /PRNewswire/ -- Integrated Marketing
Professionals, Inc. (BB: POKR), formerly known as Casino Airlink, today reported
terms of its previously announced definitive merger
agreement with Aviation Industries Corporation (BB: AVIA). Under the terms of the
agreement, shares of the Company's common stock will be
valued at $.62 per share in determining the share exchange rate. As a result, shares of
POKR common stock will be exchanged for one share of Aviation Industries common
stock at a rate determined by dividing the average closing price of Aviation Industries
common stock (calculated over the ten trading days commencing five trading days prior
to the effective date of the merger) by 0.62 (avg. price / 0.62 = number of shares of
POKR exchanged per one share of AVIA). Completion of the transaction is subject to
the completion of regulatory review by the Securities and Exchange Commission, as
well as approval by shareholders of each company.
As previously reported, Aviation Industries has agreed to reconstitute its Board of
Directors to consist the members of the Board of Directors of Integrated Marketing
Professionals, as well as Diran Kaloustian, currently Chairman of Aviation Industries.
Mr. Forhan, currently CEO of Integrated Marketing Professionals, will assume the post
of Chairman, President and CEO of Aviation Industries.
"We expect this merger," commented William G. Forhan, CEO of Integrated Marketing
Professionals, "to greatly facilitate the expansion of our business plan. We look to
benefit from Aviation Industries' wide range of travel industry and investment banking
relationships." |
