American Resources of Delaware announces transaction resulting in a profit of over $1,850,000.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 18, 1995--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 :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) ) ("ARI ARI Acute respiratory infection, see there ") announced that Southern Gas Co. of Delaware Inc., a 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. of ARI, has sold certain oil and gas related receivables from a third party company, for $3,100,415 in cash. The receivables had been previously acquired by Southern in 1994 for a total expenditure of $1,250,000. A portion of the receivables was sold by Southern in January 1995 for $1,250,000, and on March 16, 1995, the remainder of the receivables was sold for an additional $1,850,415. ARI will report a profit on the transaction of $1,850,415 in the first quarter of 1995. CONTACT: American Resources of Delaware Inc., Scottsdale Investor Relations, 602/945-9195 |
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