To: D LEE who wrote (1480 ) 1/7/1998 10:31:00 AM From: JIN CHUN Read Replies (1) | Respond to of 6654
To All: Corporate Vision Inc. Announces Majority Consent to Proceed with Merger January 7, 1998 10:14 AM TULSA, Okla.--(BUSINESS WIRE)--Jan. 7, 1998--CORPORATE VISION, INC. CVIA today announced they now have a majority consent of the shareholders' to proceed with, and complete, the upcoming merger with Western Oil and Tire Distributors, Inc. (WOTD). As of this press release, WOTD is working with the first acquisition candidate on finalizing the first acquisition agreement. WOTD began official operation as an acquisition company on Monday, Jan. 5, 1998. In anticipation of a final agreement with the first acquisition candidate and a final agreement between WOTD and CVIA, the first board meeting of WOTD will be held the second half of January to discuss the following: - 1998 Budget, Financing, Schedule, Management, Acquisition Goals, Operations and Shareholder Relations - The current priority list of additional acquisitions Several highly profitable independent tire distributors, and fuel and lubricant distributors have contacted WOTD and CVIA with the desire to be acquired. WOTD and CVIA welcome inquiries from other companies wishing to discuss being part of our team. WOTD and CVIA have also been contacted by unsolicited entities wishing to invest in WOTD's growth-by acquisition program. All avenues of initial and long-range funding are currently being discussed. 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. Corporate Vision can now be reached at 918-747-CVIA (2842), by e-mail at: info@cvia.com or through our Internet address: cvia.com Worried about security? Please read this. If you're not using Microsoft Internet Explorer, you're not seeing all that Microsoft Investor has to offer. Terms of Use. cÿ1997 Microsoft Corporation and/or its suppliers. All rights reserved. c 1997 Business Wire.