$20m Acquisition by Dino Minichiello Fashions Inc.; New Name to be 'Resort World Enterprises'.NEW YORK--(BUSINESS WIRE)--June 12, 1998--Dino Minichiello Fashions Inc. (OTC-BB:DMFI DMFI Directive on Markets in Financial Instruments (EU; formerly known as Directive on Investment Services II) ) Friday announced that the company has acquired all the outstanding shares of Resort World Enterprises Inc. Resort World Enterprises is in the process of creating an exclusive singles cruise club with the completion of this acquisition. The acquisition agreement transferred assets worth more than $20 million. Resort World Enterprises launches into the cruise entertainment business with its 630-foot vessel presently docked in Tampa, Fla. The company's maiden voyage Noun 1. maiden voyage - the first voyage of its kind; "in 1912 the ocean liner Titanic sank on its maiden voyage" ocean trip, voyage - an act of traveling by water is scheduled for May 1999, and will have 50,000 sq. ft. of casinos, 360 luxury suites, 12 bar and lounge areas, live bands and countless other amenities for visitors' enjoyment. The company's board is in the process of amending its name to Resort World Enterprises Inc., and applying for both a new stock trading symbol Trading symbol See: Ticker symbol and new stock CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: Stock Enterprises Jim Stock, 702/837-6125 or Linzy Capital Clyde Feyrer, 888/458-5747 |
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