American General Ventures to Merge with Nucleus Holding Corp.COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Nov. 5, 1998--American General Ventures, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMGV), has agreed to merge with Nucleus Holdings, Inc., a Chicago, Ill. based technology company. The resulting company, which will be named Nucleus, will combine the marketing expertise of both companies with Nucleus' strength in its build to order (BTO BTO British Trust for Ornithology BTO Business Technology Optimization BTO Bachman Turner Overdrive (band) BTO Business Transformation Outsourcing BTO Build-Transfer-Operate BTO Brutto (German: Gross [quantity]) ) computer production and its on-line and on-premise support. Nucleus, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Alliance Net Technologies, Inc. is a provider of long distance telecommunications services, Internet services, digital Personal Communications Service The company expects that the merger will result in annual sales of $4 million. Upon completion of the merger, Nucleus will be seeking additional capital to expand production and marketing capabilities, in addition to providing support for the acquisition of competitors. The company's association with Hotmail, a wholly owned subsidiary of Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), provides globally accessible, free Web-based electronic mail to over 16 million members will provide Nucleus and its subsidiaries additional exposure. The expanded capabilities of the merger will enable the company to have its own BTO (Build To Order) business as well as bolster its service and tech support resources necessary to meet Wal-Mart's BTO requirements. The company and Wal-Mart recently agreed to suspend BTO services until the completion of the merger and the proper allocation of resources allocation of resources Apportionment of productive assets among different uses. The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. could be committed to the project. The company will exchange its shares for Nucleus' shares that will result in Nucleus shareholders owning 78 percent of the company. Prior to the merger, the company plans to do a reverse stock split so the capitalization reflects the value of the company. When used in this report, the words "should," "believe," "anticipate," "expect," and similar expressions are intended to identify forward-looking statements. Such statements indicate management's reasonable assessment of the results of targeted programs and policies. These results are subject to risks and uncertainties which could cause actual results to differ materially from those projected. |
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