To: LANCE B who wrote (74 ) 2/25/1999 11:27:00 AM From: kathyh Respond to of 13776
Lance can you explain subtle differences in shares and if restricted ot not in these two releases? This one I received yesterday from the IR company, doesnt indicate restricted shares, only 504 and 506 trasactions, which I am not familiar with Attached email also states a higher number of outstanding shares (5,970,000) than release just posted if I am reading right. Post from Manfred says 3,554,667 shares outstanding... why the differences or am I missing something? Dear ISN Yahoo! Club Members, We are proud to announce that one of our featured companies, Information Highway, Inc. has completed a reverse merger and has started trading on the OTC Bulletin Board today. They have changed their name to Information-Highway.com, Inc. and therefore, if you are a shareholder, you will be receiving an e-mail within the next few days with a form to exchange your shares for stock in the new company so that you can trade your shares on the open market. The profile of Information-Highway.com, Inc. is on our web site, internetstocknews.com Delayed Quote: quote.yahoo.com News: Information-Highway.com, Inc. (OTC BB: IHWY), formerly Florida Venture Fund, Inc. (OTC BB: FLVN) announced today that it had completed a 51% acquisition of Information Highway, Inc. (IHI), a Washington corporation engaged in Web Content development and a Canadian Internet Service Provider (ISP). The acquisition for the 51% control of Information Highway, Inc. was completed on a one share for one share exchange of stock of Information Highway, Inc. by Florida Venture Fund, Inc. resulting in 499,000 shares issued under the 504 offering and 2,736,000 shares issued under the 506 offering. A subsequent offer to acquire a 100% interest in IHI is to be made by the Florida Venture Fund on a one for one share exchange of stock of Information Highway, Inc. resulting in a total of 5,970,000 of IHWY shares outstanding (IHWY had 319,667 shares outstanding prior to the exchange offer). Upon completion of the reverse merger, a new board of directors and officers was elected, including the election of John Robertson as President & Chief Executive Officer, James Vandeberg as Vice-President, and Jennifer Lorette as Secretary. In announcing the completion of the merger and the name change to Information-Highway.com, Inc., Mr. Robertson stated, "This is a significant event in our corporate development. Information-Highway.com brings