CI Sells Cars, Inc. Signs Definitive Agreement to Acquire Strategy Holding Company, Limited.Business Editors TOMBALL, Texas--(BUSINESS WIRE)--June 1, 2004 CI SELLS CARS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CISL CISL Confédération Internationale des Syndicats Libres (French) CISL Common Intrusion Specification Language CISL Common Intelligence Services Layer CISL Confederazione Italiana dei Sindicati Lavoratori ) announced today it has entered into definitive stock exchange agreement to acquire 100% of Strategy Holding Company, Limited. The acquisition is expected to close on or before June 4, 2004. The terms of the definitive stock exchange agreement are identified in the Current Report on form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. that will be filed by CI SELLS CARS, Inc. today, Tuesday, June 1, 2004. Strategy Holding Company, Limited, through its wholly-owned subsidiary Strategy Insurance, Limited, is a provider of specialty lines of insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and risk assessment, focusing on credit risk and credit enhancement Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing . Strategy conducts its insurance and reinsurance operations principally through subsidiaries incorporated in Barbados, West Indies. Strategy has offices in Barbados, London and Toronto Separately, the Company announced a planned 14 to 1 forward stock split of which the record date will be today, June 1, 2004, and the effective date will be Thursday, June 3, 2004. Forward-Looking Statement 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. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", envision", "foresee", "aim at", "believe", "intends", estimates" including without limitation, those relating to the Company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the Company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the Company's business and results of operations. |
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