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To: RCJIII who wrote (81)5/29/1998 9:19:00 AM
From: Pugs  Read Replies (3) | Respond to of 129
 
>>>>

Court Rejects Demands of Dissident Shareholders; Removes a Cloud Over
Company's Future
Business Wire - May 29, 1998 08:32
%TRAVIS-INDUSTRIES TVSI %COLORADO %BANKING V%BW P%BW
------------------------------------------------------------------------
DENVER--(BUSINESS WIRE)--May 29, 1998--On May 15, 1998, a Colorado
District Court Judge rejected the demands of a small group of dissident
shareholders of Travis Industries, Inc. who had demanded that the Court
force the company to hold a shareholders meeting within 30 days, to
limit the rights of present shareholders to participate in such meeting
by ordering a record date of March 30, 1998 and otherwise to limit the
ability of management to operate the company.

At a hearing on the matter held on May 15, 1998, Travis' management made
clear their plans to call an annual meeting of shareholders in September
after the company had set an agenda, given its shareholders proper
notice of the meeting and had sufficient time to prepare and deliver
audited financial statements, proxy statements and an annual report to
its shareholders, so shareholders could have meaningful participation in
the meeting. The District Court agreed with Travis' management that the
Court did not have the authority to grant the dissident shareholders'
demand for an immediate meeting and to back-date the record date, and
the Court rejected the dissident shareholders' other demands. The
District Court ordered that the annual meeting of shareholders be held
on September 1, 1998 with a record date of July 1, 1998. Pursuant to the
Court's order, notice of the meeting will be accompanied by an annual
report and proxy statements which comply with Federal Securities Laws.

Thomas P. Raabe, Travis' newly appointed Chairman and Chief Executive
Officer said he felt that the Court's decision vindicating management
"removed a significant impediment to implementing the Company's plans to
make its current operations profitable and pursue various opportunities
to grow the Company and enhance shareholder value. New management is
excited to confront the challenges facing the Company as well as to
capitalize on the opportunities we have been presented." <<<<

I posted awhile ago that Raabe was wrapped-up in court, and that accounted for the delay of the last release. It appears the PR will commence now that this stumbling block is out of the way. Patience!! I believe more PR will follow this shortly.

Pugs



To: RCJIII who wrote (81)5/29/1998 9:55:00 AM
From: Pugs  Respond to of 129
 
TVSI shareholders should make note that before TVSI made its "sweeping changes", it was a shell and consistently traded @ $.0325 or so. Now.....after the MM's digging themselves a deep hole and the presence of Aggression Sports, its trading at $.022 !!! Come on!! This stock is heavily manipulated and we are now in a shakedown before the PR is released. Todays release does no more than explain the delays, the BIG NEWS is coming, and coming soon!
If you've done your diligence and are comfortable with your investment do not be intimidated by the games of those who are manipulating this stock. They will eventually, on the strength of the upcoming releases, be forced to cover.
Rember also, by Raabe selling 2.5MM shares, not only doe he have "aquistion currency", he has an 'Asset' for the books!!

DO NOT BE INTIMIDATED!!!

Pugs