Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: George Burdell who wrote (4102)	6/17/1998 11:31:00 PM
From: HiGuy	Respond to of 8798

OSCR anyone? Here's a release that just came out today. Anyone follow this issue? Any comments? Wednesday June 17, 4:30 pm Eastern Time Company Press Release SOURCE: AcTVnet Ltd. PelePhone to Acquire 40% of AcTVnet Shares Company To Become The Leading Supplier Of Mobile Connections To The Internet TEL AVIV, Israel, June 17 /PRNewswire/ -- The largest mobile telephone company in Israel has announced today the intent to purchase approximately 40% of the shares in AcTVnet (OTC Bulletin Board: OSCR - news) in exchange for cash and other services according to evaluation. PelePhone has yearly revenues of approximately $800m. PelePhone is a company held by Bezek (49%), the national Israeli telecommunications company, and Motorola (51%). A letter of intent was signed today and the agreement is to be ratified following the completion of a due diligence on the 9th of August this year. This agreement and acquisition of shares will help AcTVnet and PelePhone to lead the way in providing mobile connections to the Internet. SOURCE: AcTVnet Ltd.