| An SI Board Since August 1999 |
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Company Press Release
Calendar Capital, Inc. Reorganizes
MINNEAPOLIS -- (BUSINESS WIRE) -- August 6, 1999 --
Calendar Capital, Inc. (OTC BB:CCAP - news) announced that the company is being reorganized and new management has been elected for the purpose of recapitalizing the corporate shell in order to merge with a private Internet incubator company.
Paul D. Crawford, the new chairman of the board of directors and chief executive officer, stated that funds are being provided to bring the corporate financial statements current, to make the necessary filings with the Securities and Exchange Commission, and to effect stock transfers through Northwest Stock Transfer. By mid- to late September, the Company intends to seek shareholder approval for a merger with Internet Holdings, Limited, a company currently developing several Internet concepts.
Terms of the merger have not been set.
Contact:
Calendar Capital, Inc., Minneapolis
Paul D. Crawford
(612) 676-1436
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