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Microcap & Penny Stocks : COTG Is Taking Off!!! -- Ignore unavailable to you. Want to Upgrade?

To: Kenny Low who wrote (255)	4/9/1998 7:20:00 PM
From: Kenny Low	Read Replies (2) \| Respond to of 262

Since I seem to be the only one here, looks like Schiller is out as CEO . biz.yahoo.com Consolidated names Richter acting CEO WASHINGTON, April 9 (Reuters) - Consolidated Technology Group Ltd. named Seymour Richter president and acting chief executive officer on April 3, the company disclosed in a regulatory document released Thursday. In a filing with the Securities and Exchange Commission, the company said Lewis Schiller resigned as chairman and chief executive officer at the same time as the closing of the sale by International Magnetic Imaging Inc.and its subsidiaries. On Jan. 29, International Magnetic Imaging agreed to sell its medical diagnostic imaging business to a Syncor International Corp. (SCOR - news) unit for $20.5 million in cash and debt assumption of $21 million. In consideration for payments of about $4 million to Schiller and Grazyna Wnuk, a member of the board, the company said it will purchase from them all of their rights under their respective employment agreements and their stock interest in International Magnetic. Schiller will also transfer to Consolidated, 1,190,000 shares of the company stock which are owned by him, the company said in the document. Consolidated is a holding company with interests in technical temporary staffing services, electrical products, telecommunications consulting and computerized medical information services. ___________________________________________________________________ Good riddance. -Ken-