ADD TO BW1243, OMNI MULTIMEDIA GROUP announces completion of stock purchase.--(BUSINESS WIRE)--Nov. 26, 1996-- In BW1243 (OMNI-MULTIMEDIA-GROUP) Announces Completion of Stock Purchase, at the end of the third graph, ADD: The Company anticipates that after giving effect to all conversions and redemptions, the Company will have outstanding approximately 9 million shares of common stock. The corrected paragraph follows: With respect to the Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. not purchased or redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. , the Company has received notices of conversion from the holders for all of the remaining Preferred Stock outstanding. These conversions are currently being processed by the Company's transfer agent. The Company anticipates that no shares of Preferred Stock will be outstanding within two weeks. The Company anticipates that after giving effect to all conversions and redemptions, the Company will have outstanding approximately 9 million shares of common stock. CONTACT: OMNI OMNI Omnidirectional OMNI Organising Medical Networked Information OMNI Opportunities for Micronutrient Interventions Project OMNI Operating Missions as a Node on the Internet (NASA networking project) MULTIMEDIA GROUP Paul F. Johnson, PRES PRES President PRES Present (abstention 'vote' or recorded show of presence, US Congress) PRES Pressure (meteorology) PRES Preserve PRES Atmospheric Pressure PRES Prestin ., 508/865-4451 Robert E. Lee, CFO See Chief Financial Officer. , 508/865-4451 or Adrian Madonia, PR, 908/788-9660 |
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