AMQUEST INTERNATIONAL LTD. Responds To Market Price Decline.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--May 20, 1997--AMQUEST INTERNATIONAL LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMQI) announced Tuesday that it plans to respond to its stock price decline with significant changes in both its management and its capital structure. In April, a planned acquisition failed to close, which would have triggered an important strategic alliance, and then, on May 12th and 13th, the chairman, two outside directors and the secretary of the corporation resigned, expressing a lack of confidence in whether the company can bring its HOMEVEST Mortgage to market without completing an acquisition within the home sales and/or mortgage industries. The company believes that its stock is undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Conceptually, HOMEVEST is a "total package approach" mortgage, whereby many of the services associated with the home sale are bundled together into one transaction offering features such as rebates and discounts on home products. This approach is in step with the most powerful consolidation trend occurring in the $6 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. plus annual home sales market. By design, total approach, bundled services products are very intricate, and they require complicated alliances with several different services providers. The changes contemplated by the company are intended to bring critical strategic alliances to closure sooner rather than later. The company plans to enroll a broader-based, business discipline senior staff and board, and is considering the initiation of a shares buy back, among other significant capital changes. The company intends to continue its diligent dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d preparation of HOMEVEST for entry into the total package approach mortgage niche. CONTACT: AMQUEST INTERNATIONAL LTD. David Morgenstern, President 954/772-9541 |
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