ARBATAX INTERNATIONAL INC - ACQUISITION OF A PRIVATE SWISS BANK AND NEW NAME.ZURICH, Switzerland--(BUSINESS WIRE)--Feb. 3, 1997--Arbatax International Inc. (Nasdaq OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ATANF and VSE See DOS/VSE. VSE - Virtual Storage Extended :AAX AAX Automated Attendant Exchange .U) announced today that it has received final regulatory approval for its acquisition of all the shares of a private, full-service, Swiss bank which will be called MFC (Microsoft Foundation Class) An application framework for writing Microsoft C/C++ and Visual C++ applications. See application framework. MFC - Microsoft Foundation Class Merchant Bank S.A. for approximately U.S.$20 million, which approximates the Bank's net book value. The Bank presently provides a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to high net-worth individuals as well as to small and medium-sized institutions on a world wide basis. It is not engaged in commercial lending or real estate activities. Additionally, Arbatax will change its name to "MFC Merchant Financial Corporation". The change of name and additional operating capabilities provided by the Bank will allow the Company to expand its merchant banking operations with accelerated growth. The Company will also be acting as a corporate finance representative especially for companies in the Far East, where Arbatax has a strong shareholder base. The Company will have offices in Zurich, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. and London to further expand its operations. Michael Smith Michael or Mike Smith may refer to: Journalists
Arbatax International Inc. primarily operates in the financial service industry and, in particular, conducts investment and merchant banking activities which concentrate on identifying, financing and investing in under-valued assets and developing the full potential thereof. Such activities also include providing corporate finance and related services by way of principal transactions for the Company's own account and generating fee income for services. CONTACT: Rene Randall, Corporate Relations ARBATAX INTERNATIONAL INC. 604/683-8286 Brandschenke Strasse 64 8002 Zurich, Switzerland Michael Smith, President or Morgen-Walke Associates 212/850-5600 June Filingeri/Jonathan Schaffer Media Contact: Stan Froelich |
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