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Around May 15th, 1998, TVSI will file an 8K with the SEC and disclose the particulars in the transition from Travis Industries to Planet Sports. The only public information available about Planet Sports aquistions, to date, is 'NIWOT'. Niwot which is owned by Planet Sports and whose directors include Kevin Furnary, Tom Raebe, and Fred Boethling. Niwot, managed by Tom Balcum, owns Boulder Designs, JRAT, Mountain Mend and Straight Up. This thread is for the purpose of discussing a Planet Sports investment. Lets hope there is friendly life on this planet!! ************************************************* Tuesday May 5, 8:07 pm Eastern Time Company Press Release Travis Undergoes Change in Control New Officers and Directors are appointed effective May 1, 1998 DENVER--(BUSINESS WIRE)--May 5, 1998--Travis Industries, Inc., (OTC-TVSI) announced today that Stephen E. Cayou and Jeffrey R. Skinner have resigned as officers and directors and that Thomas P. Raabe and Fred C. Boethling have been appointed to the board of directors to fill their vacancies. Thomas P. Raabe has been appointed as Chief Executive Officer and Fred C. Boethling has been appointed Company Secretary and Treasurer. The board of directors was expanded to five members including Skinner, who was re-appointed to serve on an interim basis to fill one vacancy, and the other two vacancies will remain unfilled at this time. The management change has been made pursuant to a Change in Control Agreement between former management and Messrs. Raabe and Boethling. The new management team plans to go to work immediately to bring the company's current operations to profitability and to develop and implement a corporate strategic plan. Details of the agreement will be made public in a filing to be made with the Securities and Exchange Commission (the ''SEC'') within 15 days of the effective date of the Agreement, or approximately May 15, 1998. | ||||||||||||
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