A major publisher signs letter of intent to acquire an equity interest in Byron Preiss Multimedia Co.NEW YORK--(BUSINESS WIRE)--Feb. 13, 1995--Byron Preiss Multimedia Co. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol:CDRM CDRM Cross Domain Resource Manager (IBM APPN technology) CDRM Content Delivery and Rights Management ) today announced that it had entered into a non-binding letter of intent with a major corporation which is primarily engaged in the publishing field, whereby it is intending to acquire approximately a 20 percent equity interest in the company. The shares to be acquired by the purchaser, will be issued by the company from authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: but unissued shares. The company anticipates concluding this transaction in approximately thirty days, subject to among other things, the conclusion by the acquirer of its diligence review, the execution of a mutually satisfactory definitive purchase agreement and the closing of the transactions contemplated thereby. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Byron Preiss Byron Preiss (born 1953, Brooklyn, New York City; died July 9, 2005, East Hampton, New York) was an American writer, editor and publisher. He founded and served as president of Byron Preiss Visual Publications, and later of iBooks. Multimedia Co. Inc. develops and publishes multimedia software for the consumer, education and small business markets. CONTACT: Byron Preiss Multimedia Co. Inc. James R. Dellomo, 212/989-6252 ext. 132 |
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