Beach Couch Inc. Appoints New Chairman; Announces Stock Split.Business Editors, High Tech/Legal Writers BEIJING, China and GENEVA--(BUSINESS WIRE)--March 31, 2000 In an announcement anticipated by both the financial and legal communities internationally, the Swiss venture capital firm of Harrop, Lees, Brown & Co. today announced the signing of the preliminary plan of reorganization between Beach Couch A couch, loveseat, sofa, settee, lounge, davenport or chesterfield are items of furniture for the comfortable seating of more than one person. Compare the joiner's settle, with its separate seat cushions. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BCHH) and Beijing-based elawchina.com, the company which has been described as the single most important inroad in·road n. 1. A hostile invasion; a raid. 2. An advance, especially at another's expense; an encroachment. Often used in the plural: Foreign products have made inroads into the American economy. to China in the past ten years. At a meeting of the Board of Directors, Mr. Michael A.J. Harrop was appointed Chairman of the Board. Mr. Harrop's first act was to announce that approval had been granted to allow the Company a ten (10) for one (1) forward split effective April 4, 2000. All shareholders of record as of market close (16:30 EST EST electroshock therapy. EST abbr. electroshock therapy ) on April 3, 2000 will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to ten shares of common stock for each share held. Initial response from both the legal and business/financial communities on the impact on foreign trade, with the availability of current legal decisions, opinions and consultation via the internet, has been extremely positive. One analyst stated that while "NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. may be providing the most comprehensive map of the earth via satellite, Beach Couch will be able to provide the mapping and charting of the unknown sea of China, which is without question the world's largest merging economy." This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission. |
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