Big City Bagels, Inc. Makes Announcement.HICKSVILLE, NY--(BUSINESS WIRE)--February 12, 1999--Big City Bagels, Inc. (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 : BIGC BIGC Beijing Institute of Graphic Communication (China) ) today announced that since the Company released its statement on February 8, 1999 that it had reached an agreement in principle to merge with VillageNet, Inc. and Intelligent Computer Solutions, Inc., all the Company's convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". still outstanding had been converted into shares of Common Stock. As a result of such conversion, the Company currently has outstanding 7,901,125 shares of Common Stock. This issuance of Common Stock at an average conversion price of $0.49 per share, will not materially change the number of shares to be issued in the proposed merger since the previously announced formula assumed conversion at $0.48 per share. This press release contains forward-looking statements that involve risks and uncertainties that could cause action results to differ materially from those set forth in the forward looking statements. Such risks and uncertainties are described in the Company's filings with the SEC, including its Prospectus dated April 3, 1998. This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association 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 Worldwide website at www.kcsa.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion