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

To: lindao who wrote (94795)	10/25/2001 5:55:48 PM
From: lindao	Respond to of 150070

CDWI 8k filed 10/24 - disgruntled stockholder suing for failure to accept $1/1.25 share offer - current suitor offering $1.50 ... stock currently selling at 0.85 ... well we shall see ... CD Warehouse, Inc. Announces Letter of Intent OKLAHOMA CITY, Oct. 25 /PRNewswire/ -- CD Warehouse, Inc. (OTC Bulletin Board: CDWI) announced today that it has executed a letter of intent with Djangos.com, a private company headquartered in Portland, Oregon for a proposed transaction between the two companies. CD Warehouse, Inc. franchises and operates a total of 295 retail music and entertainment stores in 38 states, the District of Columbia, Canada, England, Thailand, Guatemala and Venezuela under the names "CD Warehouse, Disc Go Round, CD Exchange and Music Trader." Djangos.com owns 19 stores that offer music and entertainment products and also operates an e-commerce website which offers music and entertainment products. Djangos.com has offered $1.50 per share for each share of CD Warehouse, Inc. stock. However, the proposed transaction is dependent upon, among other things, the completion of appropriate due diligence, the receipt of a fairness opinion from the financial advisor(s) to CD Warehouse, Inc., and approval of CD Warehouse, Inc. shareholders. Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results may differ materially from the results anticipated in these forward- looking statements as a result of a variety of factors, including those contained in the Company's periodic reports filed with the Securities and Exchange Commission (available to the public at www.sec.gov). Additional information regarding the potential transaction between CD Warehouse, Inc. may be obtained by contacting Christopher M. Salyer or Michael E. Chionopoulos at CD Warehouse, Inc., at (405) 236-8742.