Budgethotels Network Inc. Announces Corporate Developments.Business Editors POINT ROBERTS Point Roberts, uninc. town (1990 pop. 750), Whatcom co., NW Wash., on the Strait of Georgia near the tip of the Point Roberts peninsula, extending south from British Columbia, Canada, and separated from the Washington mainland by Boundary Bay. , Wash.--(BUSINESS WIRE)--Sept. 18, 2002 Budgethotels Network, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BUDH) announces the following developments intended to facilitate the raising of funds for its expansion program. In a private transaction which closed September 16, 2002 Mr. William J. Marshall, the company's president and its major shareholder, sold 1.5 million shares and granted an option on an additional 3 million shares to two private investment companies, Western Eagle Resources Corporation and WMDC WMDC Wakefield Metropolitan District Council (UK) WMDC Weapons of Mass Destruction Commission WMDC Western Management Development Center (Aurora, Colorado) Investments Ltd.. Additionally, at a board of directors meeting held on the same date the following changes were made to the company's officers and directors. Mr. William Marshall William Marshall is a name shared by several people:
Budgethotels' newly elected president, Mr. Lewis Dillman holds a Masters degree specializing in International Banking and Finance from Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. in 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 has had fifteen years experience financing public companies and raising venture capital. About Budgethotels Network, Inc. Budgethotels provides hotel and travel related reservation services through its network of 86 Reservation Centers located in major transportation terminals across North America. The Company also provides worldwide budget hotel accommodations at over 40,000 properties through its web site at www.budgethotels.com. Certain information included in this communication (as well as information included in oral statements or other written statements) made, or to be made by Budgethotels Network, Inc. may contain statements that are forward looking. Statements relating to the future anticipated direction of the internet industry, plans for future expansion, various business developments, activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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