Blagman Media International Inc. Sets Year-End to Acquire A Sure eCommerce Inc.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Dec. 27, 1999 Blagman Media International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BMII), a global direct-response marketing and advertising agency, Monday announced that it expects to conclude the acquisition of A Sure eCommerce Inc. by Friday, Dec. 31, New Year's Eve. So far, all aspects of the transaction are as warranted by management of A Sure eCommerce. In consideration for the acquisition of 100 percent of the issued and outstanding shares of A Sure eCommerce, Blagman Media is issuing 700,000 super convertible preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. , with warrants attached. These SCPS's are convertible to shares of common stock of BMII upon the realization of a minimum $1 million pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern net profit by A Sure eCommerce and its management. The attached warrants have an exercise price of $2.50. Consequently, management of Blagman Media considers that upon the achievement of the profit objectives by A Sure, the transaction will greatly enhance existing shareholder value. Conversely con·verse 1 intr.v. con·versed, con·vers·ing, con·vers·es 1. To engage in a spoken exchange of thoughts, ideas, or feelings; talk. See Synonyms at speak. 2. , should A Sure be unable to achieve its objectives, the dilution Dilution A reduction in earnings per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities. Notes: Adding to the number of shares outstanding reduces the value of holdings of existing shareholders. to existing shareholders will be minimal. The business of A Sure, and subsequent revenue stream, is directly related to the volume of retail sales via the Internet. Its unique program will greatly enhance consumer confidence in online shopping, lending further impetus to the already-burgeoning growth rate of e-sales. Anticipated revenues for the business are extremely difficult to predict, but even minimal acceptance of the A Sure program will generate substantial revenues. More details of the A Sure product will be available at the launch of the program in January. The foregoing release may contain 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. . For this purpose, any statements contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate" or "continue," or comparable terminology, are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors. |
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