American Enterprise.Com Merger Update.Business Editors/Health & Medical Writers TAMPA, Fla.--(BUSINESS WIRE)--Oct. 28, 2002 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Enterprise.Com, Corporation ("AMER AMER American AMER Asociación Mexicana de Estaciones Radiodifusoras " or "the Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMER) announced that its previously signed Letter of Intent to acquire 100% of the outstanding stock of HealthCentrics, Inc., after AMER emerges from Chapter 11 reorganization, is proceeding as planned. All terms and conditions are the same, including HealthCentrics' shareholders receiving one share of AMER for each share of HealthCentrics. AMER's plan to complete its reorganization this month has been conditionally approved by the court. The court has set the date of November November: see month. 20, 2002 for final approval, subject to hearing and ruling on any third party objections that may be filed. The Plan of Reorganization contemplates that AMER will emerge from reorganization with no significant debt. Further, the existing publicly traded stock will not be compromised. Accordingly, there will be no reverse split or cancellation of the existing AMER stock. The acquisition of HealthCentrics by AMER is subject to the parties concluding a definitive agreement and approval by the Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. . HealthCentrics is a healthcare Application Service Provider (ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). ) that markets HealthCentrics 3.0, a web-native and browser-based practice management application to third-party billing companies, practice management organizations, payers, hospitals, and physician organizations. For additional information please visit the Web site at http://www.HealthCentrics.com Information set forth in this report relates to future events and expectations and as such constitutes "Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. The words "believes," "anticipates," "plans," "expects," and similar expressions in this report are intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable. There is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion