BGR Corp. Announces Shareholders Meeting to Consider Amendments to Articles of Incorporation.PHOENIX -- Proposals in Definitive 14C Filing Includes Company Name Change to "Franchise Capital Corp." BGR BGR Bundesanstalt für Geowissenschaften und Rohstoffe (in Federal Republic of Germany) BGR Bulgaria (ISO Country code) BGR Blue Green Red (uncommon variant of RGB) Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BGRN) today announced the filing of a Definitive 14C Information Statement with the Securities and Exchange Commission on Nov. 29, 2004 to inform the company's shareholders of a special meeting scheduled for Dec. 16, 2004, at which a number of proposals to amend the company's Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. will be considered including an amendment that would change the name of the company to Franchise Capital Corp. "Management believes that the changes to be considered at the upcoming shareholders meeting are critical to the future of the company and are expected to allow us to move forward and effectively execute the company's business plan. Concurrently we are planning a stepped-up investor awareness Investor Awareness is knowledge the investment community has of a company. [1] It can be looked at like this: “Do investors know about your company?” If the answer is “yes,” then it could be said that the company has “good investor awareness” campaign, which will more consistently disseminate material information on the company's operations and activities," commented Brad Miller Brad Miller can refer to any of several people:
In addition to the name change, shareholders will consider amendments to increase the authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of capital stock of the company; to effect a one-for-ten reverse split of common stock; to authorize the company's board of directors, without the consent of the stockholders, to adopt any recapitalization affecting the outstanding shares of capital stock of the corporation; to approve the issuance of warrants to purchase shares of the company's common stock, which were previously issued; and to approve of the company's Stock Option Plans. "We are looking forward to finalizing the changes being considered at our special meeting on Dec. 16 and are excited to move forward and demonstrate to shareholders and the public markets that BGR is prepared to build value and fulfill the potential that many have recognized since the company's inception," added Miller. About BGR Corp.: BGR Corp., a franchise development company headquartered in Phoenix, was formed with the intent of building a restaurant concept company through emerging and undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. franchise concepts. BGR's management and advisory team is comprised of individuals with significant experience in the franchise industry, including restaurant operations, franchise sales, information technology, marketing and advertising. BGR also has advisory relationships with a number of specialists in the areas of real estate, food purchasing and distribution, furniture and equipment purchasing, and legal provisioning. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are 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 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2004 filed with the Securities and Exchange Commission. |
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