CMI Holdings Group Closes Acquisition of Fandom Shop.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--May 30, 2001 CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. Holdings Group, Inc. (OTC-Pink Sheets: CMIH) has acquired the primary assets of Fandomshop, which includes the online store of Fandom Inc., the Company feels will be a cornerstone in its rapid corporate growth. In addition, CMI will be arranging for the sale of the existing Fandom Shop inventory, and will be working on fulfilling the orders of Fandom Shop that had yet to be filled. CMI Holdings Group also has an agreement to acquire the AnotherUniverse.com URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. . Another Universe was the premier online and mail order retailer in the comic and pop culture industry for many years, with sales ranging between $6 - 8,000,000 annually. Fandom, the holding company of both Another Universe and Fandomshop, made an Assignment for the Benefit of Creditors to Sherwood Partners, Inc. and the asset sale was made through Martin Pichinson, the Assignee assignee (assign) n. a person to whom property is transferred by sale or gift, particularly real property. (See: assign) ASSIGNEE. One to whom an assignment has been made. 2. . Mr. Pichinson is a principal and founder of Sherwood Partners, Inc., the leading crisis and restructuring firm in the technology arena. CMI Holdings Group A company that is growing through acquisition, joint venture, and internal corporate developments, CMI Holdings will invest in or acquire any company or product in any industry that promises to provide an exceptional opportunity for growth in shareholder value. The Company will provide management expertise in several disciplines (marketing, financial, mergers & acquisitions and venture capital), an environment for synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. growth. In this pursuit, CMI Holdings Group has become very aggressive. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for 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. . Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of CMI Holdings Group, Inc. These risks and uncertainties include, but are not limited to, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. |
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