American Consolidated Growth announces results.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Nov. 10, 1994--American Consolidated Growth Corp. (AMGC) announced Thursday its best quarterly revenues in the history of the company. The acquisition of Eleventh Hour, which was completed in the quarter just ended, added gross revenues of $2,608,000 resulting in $97,611 pre-tax profit for the quarter just ending. Eleventh Hour reported a record-breaking month in October by recording in excess of $1 million in revenue. American Consolidated Growth Corp. announced in the quarter just ended, they purchased 46% of MaxMusic for 1.2 million shares of its restricted common stock. American Consolidated Growth Corp. took the acquisition subject to a prior merger agreement with Metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. Industries Inc. (MTAA MTAA Motor Trades Association of Australia MTAA Massage Therapists Association of Alberta (Canada) ). After careful study of MTAA, American Consolidated Growth Corp. has come to the conclusion that MTAA is so fraught fraught adj. 1. Filled with a specified element or elements; charged: an incident fraught with danger; an evening fraught with high drama. 2. with liabilities, both disclosed and undisclosed, that it would not be in the best interest of either bona fide [Latin, In good faith.] Honest; genuine; actual; authentic; acting without the intention of defrauding. A bona fide purchaser is one who purchases property for a valuable consideration that is inducement for entering into a contract and without suspicion of being shareholders of MaxMusic or MTAA to complete this merger. Subsequently, in keeping with its policy of shareholders' rights, American Consolidated Growth Corp. has decided to offer American Consolidated Growth Corp. common stock to any shareholders of MTAA who purchased stock from the period of Feb. 11, 1994, to Nov. 8, 1994, on a basis of seven shares to one in reliance of the MaxMusic merger. Shareholders accepting this offer must be bona fide purchasers bona fide purchaser n. commonly called BFP in legal and banking circles; one who has purchased an asset (including a promissory note, bond or other negotiable instrument) for stated value, innocent of any fact which would cast doubt on the right of the seller to have of the stock. In a further announcement, Doug Johnson The name Doug Johnson may refer to the following people:
CONTACT: American Consolidated Growth Corp., Englewood
Robert Wetzel, 303/792-5000
Cory Coppage, 303/692-8568
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