American Basketball Association, Inc. and Souvall-Page and Company, Inc. Announce Merger.Professional Basketball Association Becomes Public Entity SALT LAKE CITY & INDIANAPOLIS -- Souvall-Page and Company, Inc. (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SVAP), and American Basketball Association
The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . As a result of the merger, the officers and directors of ABA will also become the officers and directors of the Company and the shareholders of ABA will continue to control the Company. The name of the Company will be changed to American Basketball Association. "The ABA offers exciting, high-quality professional basketball and entertainment at affordable prices," said Joe Newman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Teams in the ABA consist of former NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= players, top Division I, II & III players and international players," explained Newman, and "team owners include former NBA, NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga , and MLB MLB Major League Baseball MLB Minor League Baseball MLB Middle Linebacker (football) MLB Motor Life Boat MLB Matt Leblanc (actor) MLB Mother Love Bone (band) players as well as entertainers, attorneys, physicians, clergy and businesspeople." For more information about the league and ABA teams, visit www.abalive.com. About American Basketball Association, Inc. American Basketball Association, Inc. is an Indiana corporation that is engaged in operating a professional basketball league composed of teams in the United States, Canada and Mexico. ABA also markets league-related merchandise and other products and is developing or expanding media outlets and ancillary entertainment businesses that complement the league's operations. About Souvall-Page Souvall-Page has no current business operations or assets; its current sole business has been to seek to acquire, by formation, acquisition, merger or reorganization, a business enterprise that will be beneficial to it and its stockholders. SAFE HARBOR This release contains forward-looking statements. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. |
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