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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Alert-Inv. who wrote (6283)	5/27/1999 10:57:00 AM
From: run_amuck	Respond to of 108040

JUPITER, Fla.--(BUSINESS WIRE)--March 12, 1999--A great amount of interest has resulted from the recent announcement of the forthcoming merger of Eutro Group Holding Inc. (OTC BB:EUTO) and Ivy Entertainment.Com Inc. In an attempt to prevent any misinformation from spreading, Eutro management presented the following facts to its stockholders and to the investing public. Under the merger agreement, the merged company will have the name "Ivy Entertainment.Com Inc." and a new symbol will be given to the common stock. Stockholders of Eutro Group Holding Inc. will exchange their shares for common stock in the new company. The present Eutro management and board of directors will submit their resignations to the company. A new board will be installed and new management will be named. When questioned about the prospects for the new company, Eutro's chairman said: "We feel the merger is in the best interest of both companies. Ivy will strike out in a bold new direction that will greatly enhance stockholder value. The attorneys are working diligently on the details of the merger and they will be made public shortly. All liabilities will be settled prior to the closing and the present Eutro management will do everything in its power to effect a smooth and orderly transition."