To: Pluvia who wrote (1 ) 1/27/1999 4:49:00 PM From: Jeffrey S. Mitchell Respond to of 559
RE: Here are a few more pieces to the puzzleArmando Frusciante President of Citron Incorporated, has held positions in Finance and Marketing for the past 18 years. His experience ranges both nationally and internationally with finance positions in Burlington Industries, Inc. and AGIP USA, Inc. He has also had the position of Vice President of marketing for a major area transportation company for eight years, guiding the firm from break-even to profitability, while also capturing a major portion of market share. Mr Frusciante is a board member of two public companies that trade on the NASDAQ exchange and holds a Bachelor of Science Degree in Marketing from Long Island University. webforce10.net Just who are those two NASDAQ companies? Polus, Inc. (Polu) Finalizes Merger Terms -------------------------------------------------------------------------------- PHOENIX, Az., July 7 /PRNewswire/ -- Polus, Inc. (OTC Bulletin Board: POLU), a Colorado corporation, has finalized the terms of a merger with Tostel, Inc. The agreement calls for a stock exchange whereby Tostel shareholders will receive three (3) shares of Polus, Inc. common stock in exchange for one (1) share of Tostel common stock. Currently there are 2,778,714 outstanding shares of Tostel, Inc. and 5,000,000 shares of Polus, Inc. outstanding. Tostel, Inc. is being merged in with assets that include 12,000,000 shares of Smartek (OTC Bulletin Board: SMEK) which closed at 6-3/16 on July 6 and approximately 1,800,000 shares of Malibu, Inc. (OTC Bulletin Board: MALBD) which closed at 1-7/8. Smartek, Inc. is a New York based company, which retains two wholly owned subsidiaries: Scott Hill Collection, Inc. and Alternative Housing Services Corporation. The Scott Hill Collection is a menswear wholesale company that targets highend retail distribution. Alternative Housing uses federally backed housing initiatives designed to revitalize urban areas by providing affordable housing for low to moderate income families. Malibu, Inc., a New York based construction holding company specializes in the design and construction of mechanical plans for large building and building complexes. Malibu closed its fiscal year on June 30th with record earnings. The management of Polus, Inc. believes that with Tostel merged in, the company will be Nasdaq eligible and plans to file an application as soon as possible. The shareholders of Polus, Inc. have also voted to elect Armando Frusciante and Andrew Bryant to the Board of Directors. Mr. Frusciante is currently a board member and officer to Smartek, Inc. Mr. Bryant is currently the President of Invest Holdings, Inc. (OTC Bulletin Board: IVHD), a publicly traded company that manufactures and distributes alternative health products. SOURCE Polus, Inc. Copyright © 1998, PR Newswire, all rights reserved. library.northernlight.com Brings new meaning to the phrase "hiring from within". (g) - Jeff P.S. And doesn't "Tostel" sound a lot like "Tosto"?