Anza Capital Inc. and HomeLife Inc. Announce Reorganization Agreement.Business Editors COSTA MESA, Calif.--(BUSINESS WIRE)--Oct. 7, 2002 Vincent Rinehart, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Anza Capital Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ANZA) (Frankfurt Exchange: ANZA.f)(Berlin Exchange: ANZA.BE) and Andrew Cimerman, president & CEO of HomeLife Inc. (OTCBB:HMLF), today jointly announced the execution of a Reorganization Agreement. The Reorganization Agreement requires the approval of each of the company's common and preferred shareholders. The companies intend to file a joint Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. shortly with the Securities Exchange Commission. Anza's current management team will assume the management responsibilities of the surviving company surviving company The company that emerges in control following a business combination. The surviving company is generally one of the firms entering the combination but may be a new company formed by the combination. , which shall be named AMRES Capital Inc., and will consist of Anza's current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. and subsidiaries and HomeLife's Red Carpet Real Estate trademark and operations. HomeLife and its wholly owned subsidiaries franchise and operate more than 100 hundred Red Carpet, HomeLife and National real estate brokerage offices. Anza Capital's primary subsidiary is American Residential Funding, a home loan brokerage firm. This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 regarding future results of operations and market opportunities that are based on Anza Capital and HomeLife's current expectations, assumptions, estimates and projections about the company and their industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks, competition and other factors. These factors, along with other potential risks and uncertainties are discussed in Anza Capital and HomeLife's reports, as well as their subsidiaries, and other documents filed with the Securities and Exchange Commission, including recent Quarterly and annual reports. Anza Capital and HomeLife assume no obligation to update the forward-looking information contained in this news release and encourages all potential investors to do their own due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and suitability analysis before any investment is made. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion