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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: RBM who wrote (7997)	7/17/1998 9:47:00 AM
From: KZAP	Respond to of 11708

Coconino S.M.A. Reorganization Finalized SALT LAKE CITY, July 17 /PRNewswire/ -- Coconino S.M.A. (OTC Bulletin Board: CSMA - news) announced today that the final agreement for the previously announced plan of reorganization with Buffalo Capital IV, Ltd. (OTC Bulletin Board: BUFF - news) has been signed by both parties. CSMA shareholders of record as of July 31, 1998 will be entitled to the distribution of BUFF shares. Under SEC guidelines, the registration of the new shares should become effective shortly after the upcoming Coconino shareholders meeting now tentatively scheduled for August 22, 1998. At that meeting, Coconino management will also seek shareholder approval allowing the new company, Buffalo Capital IV, Ltd., to change its name. Currently the name Coconino Environmental Resources, Inc. is under consideration. The reorganization as proposed will achieve Coconino SMA's oft-stated goal of becoming a fully reporting company. It is the company's intent to mail shareholder meeting materials, including a proxy and prospectus, on approximately August 1, 1998. However, should the initial SEC response be such that significant additional information is required, another mailing will be necessary. The shareholder meeting would then have to be delayed in order to allow shareholders time to receive and digest the additional information. In that event, the company will reschedule the shareholder meeting at the first available date. Coconino SMA is a diversified company involved in non-toxic industrial and commercial waste disposal and in natural resources development through its Enviro-Tec, Inc. subsidiary with offices in Salt Lake City, Utah. The company also offers consumer products through its Ad-HaTTeRs, Inc. subsidiary headquartered in Centennial Park, Arizona. Company contact: Michael Millis, Coconino SMA Corporate and Investor Communications, (949) 733-9218, (800) 733-0087, fax (949) 786-8208, or email: irvinecapcom@worldnet.att.net. SOURCE: Coconino S.M.A.