To: Link Lady who wrote (7236 ) 8/16/1999 10:12:00 AM From: SSP Respond to of 150070
AUMYE - POSITIVE CAPITAL CORPORATION OFFERS TO ACQUIRE AUNT MYRA'S; SHARHOLDERS TO RECEIVE A PREMIUM OF $0.148125 PER SHARE SUNDAY, AUGUST 15, 1999 4:07 PM - PRNewswire DALLAS, Texas, Aug 15, 1999 /PRNewswire via COMTEX/ -- Positive Capital Corporation, a financial services company specializing in the biotech and finance industries, today announced the extension of an offer to acquire Aunt Myra's Inc. (OTC Bulletin Board: AUMYE), a food processing company in Green Valley, Arizona. The proposed transaction provides for a tax-free stock swap between Aunt Myra's stockholders and Talisman Corp., a wholly owned subsidiary of Aunt Myra's. The stock swap will streamline the holdings and focus of Talisman, and free Aunt Myra's for the proposed sale. As part of the offer, Positive Capital has agreed to create a $20 million financing package to fund Talisman's growth plans. Under the proposed stock swap, Aunt Myra's stockholders will receive one share of common stock in Talisman for each 13 1/2 shares of common stock of Aunt Myra's. Aunt Myra's common stock is trading in the open market at $0.02 per share. Stockholders accepting the swap will realize a premium of $0.148 per share. Aunt Myra's has 300 million shares of common stock authorized and 260 million shares outstanding, 160 million of which are freely traded. Stockholders of Aunt Myra's hold 11.8 million shares of Talisman common stock. Aunt Myra's Preferred "A" shareholders will be offered a swap into anew Preferred "B" stock to be authorized and issued at closing by Aunt Myra's. SOURCE Positive Capital Corporation (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: James R. Bradley of Positive Capital Corporation, 972-713-8466 (AUMYE) GEOGRAPHY: Texas INDUSTRY CODE: FOD SUBJECT CODE: TNM OTC