CUSIP Duplication Error Causes Confusion for Growth Industries Inc.POMPANO BEACH Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , Fla.--(BUSINESS WIRE)--June 12, 1998--Growth Industries (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CRUZ) Friday announced that confusion created by another Growth Industries stock may be the reason for the recent plummet in stock value. Apparently, during the last decade a company named Growth Industries Inc., issued stock to its owners. A CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. was applied for and received. When the company (CRUZ) changed its name from Frozen Assets Frozen Assets is a novel by P.G. Wodehouse, first published in the United States on July 14 1964 by Simon & Schuster, Inc., New York under the title Biffen's Millions, and in the United Kingdom on August 14 1964 by Herbert Jenkins, London. to Growth Industries Inc., (CRUZ) a new CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. was obtained. Apparently the CUSIP assigned to the company was the same as the old Growth Industries CUSIP number. Through the diligence of Jim Farrell of Alpha Tech Stock Transfer, this was discovered when shares of the defunct company with the same CUSIP number were submitted for transfer. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the transfer agent the Depository Trust Corp. and Alpha Tech have devised a plan, and have identified those old shares that are not part of the company. The company has a record of all of its current legally issued stock. Stockholders may contact the transfer agent at 801/278-1777 to verify that they hold the correct stock. The company is verifying all stock on deposit at brokerages and not yet submitted to the transfer agent. The company (CRUZ) has asked its transfer agent to immediately change its name, CUSIP number, and trading symbol Trading symbol See: Ticker symbol to help alleviate the confusion. The company is exploring its options at this time. Growth Industries Inc. (CRUZ) is in the import, export, wholesale, and retail industry. The company's products include fine fragrances, hand rolled cigars from Nicaragua, Irish Chocolates, and other gift items. The company is listed in Standard & Poor's Corporation Records, has Fiscal year end audited financial statements and presently has assets in excess of ten million dollars. The company has developed a web site (http://www.fragranceexpress.com) for on-line ordering of fragrances. The web site is functioning, with the ordering capability to be completed during the week of June 15, 1998. Once completely operational, customers may order fragrances for next day delivery. The company also has a catalog that can be obtained by calling 1-800-FRAGRANCE. Ordering can also be accomplished using this service. The company imports its cigars from Managua, the capital of Nicaragua. All cigars are "hand rolled", using the finest seed, fillers, and wrappers. A distinctive three pack, boxed in Adj. 1. boxed in - enclosed in or as if in a box; "boxed cigars"; "a confining boxed-in space"; "felt boxed in by the traffic" boxed-in, boxed enclosed - closed in or surrounded or included within; "an enclosed porch"; "an enclosed yard"; "the enclosed check luxurious wood, as well as the traditional "box" of 25 are available for sale and for next day delivery. Imported Irish chocolates are gift boxed in 1/2 and 1 pound size. The chocolates are hand-made my Lilly O'Brien of Killdare, Ireland. The chocolates are in use in Europe during British Airways flights and have met with a resounding re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. success in the retail market place. The company began importing the chocolates in both the "Heaven and Earth" and "VIP" styles, last month. The chocolates are gourmet quality and are available for next day delivery also. The company unveiled a prototype kiosk for placement in the top 100 malls in the United States. These kiosks will serve not only as a retail sales center but also as a remote distribution center for same day delivery. The company plans for the first kiosks to be rolled out by the company's fiscal year end 31 July 1998. Linked by state of the art communication system and software, the kiosks' inventory is available "live" to the order taker tak·er n. One that takes or takes up something, such as a wager or purchase: There were no takers on the bets. taker Noun of a same day delivery customer call. Same day delivery orders can also be taken, when implemented, through the company's 1-800-FRAGRANCE line, or at any kiosk. "The implementation of the kiosks as a distribution center coupled with a retail center streamlines costs and will expand our ability to meet customer needs," said Robert Bartlett, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Growth Industries. Products through the kiosk, and 1-800-FRAGRANCE line available for deliver will encompass the entire product line. Presently only fragrances are available from the company's web site (http://www.fragranceexpress.com). Other products are being added to cover the full product line of the company. CONTACT: Baron-Marney Capital Ltd. 1-800-680-4744 |
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