Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Liquid Audio Inc - (Nasdaq- LQID) -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (523)	12/11/1999 8:09:00 AM
From: pat pasquale	Respond to of 674

OT: new age coming of net music: Shampan Lamport Holdings Limited to Merge With takeoutmusic.com, Inc. an INTERNET MUSIC company THAT MAKES ITS OWN MUSIC* read last paragraph ** Business Wire - December 09, 1999 13:39 VANCOUVER, BC--(BUSINESS WIRE)--December 9, 1999--Shampan Lamport Holdings Limited (OTCBB: SLHX) announced today that a letter of intent to merge with takeoutmusic.com, Inc. was executed. In preparation for the merger, a reverse split of shares in a 3:1 ratio is contemplated, which will leave approximately three million shares of the combined entity on a fully diluted basis in the hands of Shampan Lamport shareholders. The merger with takeoutmusic.com, a privately held Internet music company, will result in approximately 10 million shares being issued to the current shareholders of takeoutmusic.com. This will result in a total of approximately 13 million shares in the post-merger combination. More specific terms were currently not available. The merger is contingent upon consummation of a definitive merger agreement and its anticipated close is January 2000. Accordingly, there can be no assurance that the transaction will be consummated. For more information, please contact Bill McCartney at 604-687-0888. takeoutmusic.com Information takeoutmusic.com, Inc., a leading independent music and media web site, focuses on the marketing and digital distribution of independent music and the distinct lifestyle and culture that surrounds it. takeoutmusic.com recently became the first online music company to place a single, commercially available only via digital download, on a Billboard chart. CONTACT: For more information, please contact: Bill McCartney at 604-687-0888