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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: QuickTrade who wrote (14969)	5/6/1998 11:19:00 AM
From: Big Dog	Read Replies (4) \| Respond to of 34592

TVSI, OK I am in. I believe as soon as this news is read we will see action very soon. BIG DOG Tuesday May 5, 8:07 pm Eastern Time Company Press Release Travis Undergoes Change in Control New Officers and Directors are appointed effective May 1, 1998 DENVER--(BUSINESS WIRE)--May 5, 1998--Travis Industries, Inc., (OTC-TVSI) announced today that Stephen E. Cayou and Jeffrey R. Skinner have resigned as officers and directors and that Thomas P. Raabe and Fred C. Boethling have been appointed to the board of directors to fill their vacancies. Thomas P. Raabe has been appointed as Chief Executive Officer and Fred C. Boethling has been appointed Company Secretary and Treasurer. The board of directors was expanded to five members including Skinner, who was re-appointed to serve on an interim basis to fill one vacancy, and the other two vacancies will remain unfilled at this time. The management change has been made pursuant to a Change in Control Agreement between former management and Messrs. Raabe and Boethling. The new management team plans to go to work immediately to bring the company's current operations to profitability and to develop and implement a corporate strategic plan. Details of the agreement will be made public in a filing to be made with the Securities and Exchange Commission (the ''SEC'') within 15 days of the effective date of the Agreement, or approximately May 15, 1998. Raabe stated that the company has established an interim shareholder relations number (303/777-5936) but also noted that no further information will be released until the offices and records are moved, new corporate telephones are installed and the appropriate SEC filings are made concerning the change in control. Contact: Travis Industries Thomas P. Raabe, 303/777-5936 (Temporary no.)