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Action Sports International to Retire Over 7 Million Shares.


IRVINE Irvine, town, Scotland
Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing.
, Calif.--(BUSINESS WIRE)--April 27, 1999--

The Board of Directors of Action Sports International Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:ACTB ACTB Actin, Beta
ACTB Aviation Combat Test Branch (Marine Corps Operational Test & Evaluation Activity) 
) Tuesday announced it has come to agreement with four of the larger shareholders of the company.

In an effort to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?"
fit, meet

coordinate - be co-ordinated; "These activities coordinate well"
 a more applicable structure for acquisitions, the company will either purchase or retire over 7 million shares of its common stock. Lambert Lambert may refer to
  • Lambert of Maastricht, bishop, saint, and martyr
  • Lambert Mieszkowic, son of Mieszko I of Poland
  • Lambert McKenna, Irish scholar, Editor and Lexicographer.
 Vander Tuig, the company's president, stated, "It's an effort by many to develop a company on a grander scale than we ever first envisioned."

The shares being retired are from the following entities:

Manhattan Financing Corp. 2,606,000 Shares 5353 Timberside Court Davis Junction, Ill. 61020

American Assets Financial Group Inc. 1,740,000 Shares 22595 Dunkinfield Cir. Lake Forest, Calif. 92630

Lambert Vander Tuig 2,230,000 Shares 8001 Irvine Center Dr. Irvine, Calif. 92618

International Licensing Corp. 424,000 Shares 413 Nineteenth St. Lynden, Wash. 98264
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Geographic Code:1U9CA
Date:Apr 27, 1999
Words:152
Previous Article:Gruppo Editoriale L'Espresso Partners With Vicinity Corporation.
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