Armada Mercantile Ltd.: Private Placement to Raise $290,000.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Aug. 15, 2000 Armada Mercantile Ltd. (CDNX CDNX See Canadian Venture Exchange (CDNX). :AAR Aar, river: see Aare. .) The Company has arranged a non-brokered private placement of 290,000 Units for gross proceeds $290,000 at a price of $1.00 per Unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable for a two-year period, at $1.00 per share in the first year and at $1.15 per share in the second year. The funds will be used in conjunction with Armada's change of business and its acquisition of a 50% controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in AVO a·vo n. pl. a·vos See Table at currency. [Portuguese, shortened from oitavo, eighth, from Latin oct Media Corp. Bruce Dorfman will join Armada's board of advisors effective immediately. Mr. Dorfman has an extensive background in investment marketing experience, investment banking and strategic relationships with Fortune 500 companies. He will advise the Company in areas such as investment marketing strategies; investment banking and strategies concerning major institutions in order to facilitate distribution of the AVO Card(R). In connection with Mr. Dorfman's appointment, the Company has granted 500,000 incentive stock options at $1.00 per share exercisable until August 14, 2002. Armada Welcomes Chuck Slay slay tr.v. slew , slain , slay·ing, slays 1. To kill violently. 2. past tense and past participle often slayed Slang and Thomas Waite to AVO Media Mr. Chuck Slay, recently appointed Vice-President of Sales and Marketing of AVO Media, brings over 30 years of senior corporate, brand and new product marketing, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and advertising experience to AVO Media. He has been a creative director, Vice President-General Manager and President of advertising agencies in Los Angeles and San Francisco, as well as Vice President-Marketing for corporations in Southern California. Classically trained in Proctor & Gamble marketing disciplines, he has written over 100 successful marketing plans, including new product, new market and new venture launches for Folger's Coffee, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Directories Corp., Jaguar autos, Kawasaki motorcycles -- and all advertising, promotion and PR for Singapore Airlines introduction to the United States. AVO Media's target industries to be benefited include consumer products, travel companies, medical marketers, financial services and governmental commissions. Mr. Slay's creative work has been honored with major awards, including the International CLIO (Qantas Airways); Outdoor Advertising Association "Obie" (RPM Rent-a-Car); Cable TV Association "Telly" (Nexxus), and the Public Relations Society of America's "Silver Anvil anvil Iron block on which metal is placed for shaping, originally by hand with a hammer. The blacksmith's anvil is usually of wrought iron (sometimes of cast iron), with a smooth working surface of hardened steel. " (Connecticut General Insurance). Mr. Thomas Waite, appointed Director of Operations of AVO Media, has spent the last 12 years at the management level in industries such as retail, commercial airlines, and management consulting. The driving force behind Mr. Waite's management career has been to instill effective and efficient systems into organizations that find themselves on an aggressive growth schedule. Mr. Waite specializes in implementing ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 Series standards stemming from quality management experience. Mr. Waite is a graduate of the University of Phoenix with a Bachelors of Science Degree in Business Management and a Master's Degree in Organizational Management. On July 6, 2000, Armada announced the purchase of a 50% controlling position in AVO Media of Scottsdale, Arizona. AVO Media is a new media company which holds the North America including Mexico and Canada, rights to market and license the patented AVO-Card(R). For more information regarding AVO Media and its technologies, please visit www.avomedia.com. On behalf of the Board of Directors Patrick Cole, President The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion