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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (3107)	7/10/1999 12:45:00 AM
From: Tim Davies	Respond to of 150070

mmm interesting.. so they could be ina turn around.. this also looks interesting Company Press Release Oxford-Knight Enters Into Agreement to Acquire a 40% Interest in Financial Services Company; Spin-Off to Shareholders GRAND ISLAND, NY--(BUSINESS WIRE)--July 9, 1999--Oxford-Knight International, Inc. (OTC BB - OKTI), through its President and CEO, Paul Syracuse, announced today that it has signed an agreement to acquire a 40 interest in Fusion Capital Corp., a Florida based Delaware Corporation dedicated to providing Electronic Funds Transfer (EFT) systems for retail merchants. This announcement follows up on the previously announced Letter of Intent made public in April of this year concerning Fusion. Services provided by Fusion include equipment & software provision, debit/credit all environmental units for drive-up restaurants, (currently being tested with McDonald's Corporation (MCD-NYSE)), ATM stand alone machines, smart cards, and much more. It is the intent by OKI management, assuming all conditions and criteria are met by Fusion, to spin off 40 of Fusion as a new publicly traded company and have OKTI shareholders receive proceeds via stock in the publicly traded entity based upon a record date disclosed in the future. Commenting on this most recent acquisition, OKI's President and CEO, Paul Syracuse stated, "While this deal took longer to complete than originally anticipated, we are pleased that we are moving forward towards its completion. It should be of great value to the company and our shareholders. In regards to our filing with the SEC, we decided to wait until our fiscal year was complete (June 30) to begin our audit and we will then follow up our audited financials this month with our filing to the SEC to become a reporting company." Oxford-Knight International, Inc. plans to specialize in mergers & acquisitions, leveraged buy-outs, business consulting, real estate development, construction (residential and commercial), assisted living facilities (new), and retail & wholesale distribution of auto accessories. For more information on Oxford-Knight, contact Paul Syracuse at (716) 775-0750 or Jeff Brommer, Investor Relations at 630-761-8062 This release contains forward looking statements with respect to the results of operations and business of Oxford-Knight International, Inc. that involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995. Investments 101, Ltd. has been retained by Oxford-Knight to provide investor relations services for a period of three months beginning April 8, 1999. Investments 101, Ltd. is being compensated for services rendered with 150,000 shares of free-trading common stock. Jeff Brommer, his family, friends, and associates may from time to time buy and sell the above mentioned security in the open market. Contact: Investments 101, Ltd. Jeff Brommer, 800/749-0114 << Previous Next >> Most Recent Archive and the chart looks like it is allso just going green clearstation.com tim