BNN Corp. announces new public joint venture/acquisition with The Music & Entertainment Network Inc.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and MALIBU, Calif.--(BUSINESS WIRE)--Aug. 15, 1996--BNN Corp. (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 BB:BNND) and Music & Entertainment Network Inc. (NASDAQ BB:MENW) announced Thursday that they have entered into negotiations with a view to combine their operations into a new public joint venture corporation. Present plans call for the formation of a public joint venture corporation which would tender its shares for each constituent corporation with a view to acquiring all or a majority of the shares of the constituent corporation. It is contemplated that upon completion of the proposed transaction that existing BNND and MENW shares will no longer be publicly traded. The transaction is subject to completion of terms, execution of definitive agreements, and regulatory approvals. During the interim period the companies have begun working together in development of music related projects, which would include transactional programs, music scoring for TV shows, and special events. MENW is completing its corporate relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. to the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. offices of BNND. Additionally BNND has further announced that upon completion of its proposed acquisition of Kaleidoscope kaleidoscope (kəlī`dəskōp), optical instrument that uses mirrors to produce changing symmetrical patterns. Invented by the Scottish physicist Sir David Brewster in 1816, the device is usually a hand-held tube, a few inches to as much Media Group, previously announced, the company believes it will comply with the listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. for NASDAQ and intends to apply for listing during this interim period. CONTACT: BNND, New York Henry Siegel, 212/779-6601 or MENW, Malibu Michael Pinera, 310/456-7226 |
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