To: Pagan who wrote (3132 ) 4/7/1998 9:39:00 AM From: Deviltrader Read Replies (1) | Respond to of 6654
ALL:NEWS RELEASE! Corporate Vision, Inc. ReportsCompletion of Debenture Conversions and Pending Merger Developments April 7, 1998 09:22 AM TULSA, OK--(BUSINESS WIRE)--April 7, 1998--Corporate Vision, Inc. CVIA today announced that the conversion of the Regulation S debentures issued 12/97 is complete and that the resulting CVIA shares have been assimilated into the float. Corporate Vision, Inc. Interim CEO Jack Arnold spoke on this issue and other merger developments, "CVIA's unusually strong trading levels in March enabled us to convert these debentures in a remarkably short period of time. The completion of this conversion process indicates strong shareholder interest and confidence in our growth-through-acquisition strategy. We expect to see more normal trading patterns for Corporate Vision's stock from this point forward." Western Oil & Tire Distributors, Inc. (WOTD) is progressing on many fronts as it moves toward its merger with CVIA. Several petroleum distribution companies and additional retail tire stores are being reviewed as possible acquisitions. Management is extremely pleased with the reception in the marketplace to its roll-up concept (i.e. growth by acquisition plan). A joint press release will be issued by Corporate Vision, Inc. and Western Oil and Tire Distributors, Inc. upon completion of the pending Merger. 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 filings with the Securities and Exchange Commission. Corporate Vision can be reached at 918-747-CVIA (2842), by e-mail at: info@cvia.com or through our Internet address: cvia.com