ADDvantage & vanAar Announce Termination of Letter of Intent.TULSA, Okla.--(BUSINESS WIRE)--Aug. 2, 1999-- ADDvantage Media Group, 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 :ADDM ADDM Automatic Database Diagnostic Monitor (Oracle Database 10g) ADDM Asynchronous Digital Data Modem ADDM Assistant District Director for Management ADDM Asynchronous Distributed Decision Making ) announced today that it's Letter of Intent with vanAar, Inc. for the purchase of one million shares of Common Stock at a price of $1.00 per share payable in cash and assets had been mutually terminated. Chuck Hood, President of ADDvantage stated that, "the company's management would renew its efforts to find a suitable merger partner for the company." ADDvantage has historically been engaged in the business of producing Shoppers Calculators and marketing them as in-store advertising vehicles. The termination in 1998 of its agreement with Wal- Mart, which accounted for over 90% of its business, has caused ADDvantage management to seek other business opportunities. Portions of this press release may include "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " made pursuant to the 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. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. |
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