"CONTACT: Michael Calderone of Marketing Direct Concepts, 702-638-6400; or Edward Williamson of Fifth Avenue Communications, 800-992-6616, for Courtleigh Capital
Web site: stockup.com
CO: Courtleigh Capital, Inc.; Marketing Direct Concepts, Inc. ST: Kansas, Nevada IN: MLM FIN SU: TNM"
COURTLEIGH CAPITAL, INC., TO MERGE WITH MARKETING DIRECT CONCEPTS, INC
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Story Filed: Monday, February 01, 1999 07:01 AM EST
WICHITA, Kan., Feb. 1 /PRNewswire/ -- Courtleigh Capital, Inc., (OTC Bulletin Board: CTLH) today announced that the Company has agreed, subject only to shareholder approval, to a reverse-merger with privately owned, Las Vegas, Nevada-based Marketing Direct Concepts, Inc. The Company said that Marketing Direct Concepts is an Internet company which provides stock quotes, information on public companies, stock research on public companies and other publishing activities. (The Internet address for Marketing Direct Concepts is stockup.com.)
The Company also announced that at the closing of the proposed reverse-merger, Michael Calderone, president of Marketing Direct Concepts, will become President and Chief Executive Officer of the Company and that the Company will change its corporate name to StockUp.com, Inc. Commenting on the proposed reverse-merger and future plans, Mr. Calderone said, "This is the first step in gaining recognition as an up and coming Internet financial information provider. We look forward to the challenges that are ahead of us. Our existing site, www.stockup.com, is undergoing a major overhaul. The site will be displayed sometime in March as a Beta site."
The Company said that Shareholders of Record on January 27, 1999 will be eligible to vote at a Special Meeting of the Shareholders scheduled for February 3, 1999. The Company said that its management would vote for and recommend approval of the transaction.
Courtleigh Capital, Inc., is a public company whose stock trades in the over-the-counter market with the trading symbol: CTLH.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Courtleigh Capital, Inc., to accomplish its stated plan of business. Although Courtleigh Capital believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Courtleigh Capital or any other person that the objectives and plans of Courtleigh Capital will be achieved.
SOURCE Courtleigh Capital, Inc.
02/01/99
CONTACT: Michael Calderone of Marketing Direct Concepts, 702-638-6400; or Edward Williamson of Fifth Avenue Communications, 800-992-6616, for Courtleigh Capital
Web site: stockup.com
CO: Courtleigh Capital, Inc.; Marketing Direct Concepts, Inc. ST: Kansas, Nevada IN: MLM FIN SU: TNM
Copyright ¸ 1999, PR Newswire, all rights reserved. |
