To: Ditchdigger who wrote (40920 ) 2/7/1998 7:15:00 AM From: tonto Read Replies (3) | Respond to of 55532
The Board of Directors would appear to be, Gary Morgan, Roland Breton, and Joel Marcus based on the amended filing with the State of Washington. >>>Thursday November 20, 10:56 am Eastern Time Company Press Release Rocky Mountain International Ltd. Announces Rocky Mountain Crystal Water Inc. Has a Signed Agreement for Funding FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 20, 1997--Rocky Mountain International Ltd. (Formerly Olympus Ventures Inc.) (OTC BB:RMIL - news) announced Thursday that Rocky Mountain Crystal Water Inc. has signed a final agreement for the funding of $10 million. The funding is scheduled to take place before the end of November, with $5 million in equity and a $5 million loan for five years. Rocky Mountain International Ltd. and Rocky Mountain Crystal Water Inc. has extended the equity funding clause in the Merger agreement to accommodate the date of the funding agreement. The board of directors of Rocky Mountain International LTD. have appointed Gary R. Morgan to the position of C.E.O. of Rocky Mountain International LTD. and Roland L. Breton to the position of President of Rocky Mountain International LTD. the positions held by each prior to the merger agreement. That is great. Now, why did they do that short term maneuver? What was the reason for it and why was this good for the company and the shareholders? If it was good to do so for only weeks, what was the gain to the company and shareholders? Or was it just a simple mistake to resign their positions as officers to a group that bottles water on occasion, and with whom they may merge, and have them run the international garment business? RMIL is a manufacturer of pure spring and premium artesian bottled drinking water and garment manufacturing. RMIL is focusing its direction on manufacturing, distribution and retailing bottled water and physical fitness products, which the company believes is one of the fastest growing areas in the commercial marketplace. How much water has RMIL manufactured?