Calendar Capital, Inc. to Merge With Entrenaut, Inc.
CALENDAR CAPITAL, INC. (OTCBB:CCAP) and ENTRENAUT, INC. (formerly Internet Holdings, Limited), based here, have reached agreement on a plan of merger whereby the shareholders of Entrenaut will receive a new class of Calendar Capital Preferred Stock in exchange for their shares of Entrenaut, according to CEO Paul Crawford, local venture capitalist.
Calendar Capital has been a publicly held shell corporation; Entrenaut is an incubator company for Internet concepts currently overseeing the development and beta testing of two new e-commerce companies: Chef In A Box, (www.chefinabox.com), an online virtual restaurant; and OfficeCause, (www.officecause.com), an online business-to-business site which channels a percentage of a company's purchases to a designated charity.
Entrenaut also holds investments in Commission Junction, Inc., an online affiliate marketing company, Superior Wireless Communications, and StoreItOnLine.com, Inc.
The merger will be effective January 1, 2000.
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|Date:||Dec 9, 1999|
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