American Resources of Delaware, Inc. and Century Offshore Management Corporation announce preliminary merger discussions.VERSAILLES, Ky.--(BUSINESS WIRE)--May 9, 1996--American Resources of Delaware, 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 Small Cap: GASS GASS Greenland Air Surveillance System GASS Gas Analyzing Sensor System GASS Guidance Accuracy Study for SPRINT GASS Google AdSense Stats Syndrome GASS Generic Application Simulation System (Boeing Rotocraft) ) and Century Offshore Management Corporation announce that the two companies have entered into preliminary discussions to explore the possibility of a merger. No definitive agreements have been entered into at this time. Jonathan B. Rudney, current President and Chief Executive Officer of ARI ARI Acute respiratory infection, see there , is also affiliated with Century and, therefore, has tendered his resignation in order to avoid any potential conflicts. Rick G. Avare, who currently serves ARI as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will assume the position of acting President and Chief Executive Officer at this time. CONTACT: American Resources of Delaware, Inc., Versailles Investor Relations, 606/873-5455 |
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