Advantage Life Products signs letter of intent to acquire Environmental Professionals Inc.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)--June 14, 1995--Advantage Life Products 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 :ADVT ADVT Advertisement ADVT Advertising (college course) ADVT Acquirer Device Validation Toolkit ADVT Advance Development Verification Test ) announced Wednesday that it has signed a letter of intent to acquire Environmental Professionals Inc., currently a subsidiary of Eagle Vision Inc. Environmental Professionals Inc. is a New Jersey-based company involved in the environmental contracting and remediation business, including underground tank removal, ground water treatment, removal of hazardous and non-hazardous waste drums, and clean up of contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. soil. Environmental's sales for 1994 were approximately $7 million. Alan S. Lipstein, president of Eagle Vision Inc. commenting on the proposed transaction said: "We are very excited about the potential for the combined companies. Becoming a part of a NASDAQ traded company should allow Environmental greater access to capital and facilitate Environmental's acquisitions of other business opportunities, thereby accelerating the growth of Environmental's business." Lipstein has had significant experience in the operation of public companies. George Carras, president of Advantage said: "Consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of this transaction would provide Advantage with additional working capital which will allow us to expand the marketing program of our Secret Hair(tm) line to professional salons as well as develop new products. We see the potential of this transaction being a `win-win' for both sides." The companies are expecting that the transaction could be completed within 30 days. CONTACT: Advantage Life Products Inc., Irvine George Carras, 714/752-2797, ext. 217 or Radcliffe & Associates Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Donald Radcliffe, 212/605-0287 |
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