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Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?

To: Milk who wrote (1020)	12/15/1997 6:59:00 PM
From: CO	Read Replies (4) \| Respond to of 6654

Milk, You are right, you had better keep an eye on the website ! I just got this from BBNS Subject: BBNS SPECIAL (CVIA) NEWS HOT OFF THE PRESS 12/15 Date: Mon, 15 Dec 97 23:40:02 +0000 From: BBNS Delivers <BBNS@the-link.net> To: "BBNS GenMem":; THIS LOOK GREAT IN MY HUMBLE OPINION.... KERRY CORPORATE VISION, INCORPORATED SIGNS MUTUAL LETTER OF INTENT Monday, December 15, 1997 TULSA, OK, Dec. 16 / Business Wire / -- CORPORATE VISION, INC. (OTC BB:CVIA) is proud to announce the December 3rd final version of the mutual Letter of Intent with an acquisition-driven western oil and tire distribution corporation has now been signed. Corporate Vision clearly believes that with the signing of this mutual Letter of Intent, the Company has achieved a major milestone in their efforts to restore financial stability and initiate rapid growth. All efforts will now be directed toward completion of the Merger Agreement, a progressive plan which will best utilize the synergistic efforts of the seasoned industry professionals involved in this merger. Interim CEO Jack Arnold, responding to this significant development, said, "This particular merger candidate meets, or exceeds, the complete list of requirements established by the leadership and advisors of CVI. We are impressed with the tremendous acquisition potential of this business and, equally important, the integrity of their management team. This team includes well-respected individuals with vast experience in accounting, public relations and Wall Street finance, in addition to extensive experience within the industry itself. Their forward-thinking approach can make this opportunity for long-term expansion throughout the western United States a reality. "We have sought to prepare Corporate Vision for just this type of opportunity. Our primary concern has been for the future of the shareholders' investment. After considering several high-tech businesses, we have chosen to take a road to success proven effective by the late Sam Walton. "Walton's masterful approach to Walmart's growth through local acquisition was prosperous beyond the wildest expectation of any market analyst. Our plan is to appropriate that formula and utilize it in marketing necessary commodities to a repeat-customer base. No new technology is involved. Simply put, everybody buys fuel, tires and oil: this is a business anyone can understand." The new company's main objective will be rapid growth through acquisition. All prospective acquisition targets will be required to meet a tough, realistic set of established standards. The core business will focus on two primary areas; oil distribution and wholesale / retail tire businesses. These market segments contain an abundant number of locally controlled, highly profitable acquisition candidates. Acquisition qualifications will focus on such areas as location, earnings, growth potential, management and compatibility with our core business model. Geographic preference will be given to western U.S. companies, with designs on future expansion in the east. Speaking on this, Mr. Arnold continues, "There are literally thousands of retail tire stores with $1 Million to $5 Million in annual sales. Our estimates indicate annual sales for the tire division alone (with 100 stores) could exceed $200,000,000. "Completion of this merger will launch an energetic drive to ratify the concept that building a large company, in excess of $200 Million in annual sales, through acquisition of tire wholesale and retail stores combined with the acquisition of oil, fuel and lubricant distributors, is valid." Mr. Arnold concluded by saying, "We are confident this program can be highly successful. Our first acquisition target is a profitable western U.S. tire company with $3.5 Million in annual sales. "We expect this merger will come out of the gate profitable as the merging distribution company brings no liabilities to our balance sheet. I will remain on the Board of Directors and will be responsible for on-going investor relations. Considering the talent, experience and enthusiasm of the new management team and Board of Directors, I believe this partnership has the tools to move this company to $200,000,000 in sales and beyond." At the signing of a Merger Agreement, the company will be renamed with an appropriate moniker that accurately reflects the business and interests of the new company. Non-disclosure agreements prohibit us from releasing further detailed information of the merger candidate at this time. However, significant developments relating to this pending Merger Agreement will be promptly reported as they are completed and confirmed. Corporate Vision, Inc. is a fully-reporting company with the SEC. This press release contains forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. Risks and uncertainties of the Company are detailed from time to time in the company's filing with the Securities and Exchange Commission. Messages for Corporate Vision and Jack Arnold can be left at 918-748-1996 or by e-mail via our internet address above (info@cvia.com). Bacon Butt News Service (BBNS)