Care Concepts I, iBidAmerica Complete Merger.Business Editors 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)--Dec. 16, 2002 Care Concepts I, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCON CCON Call Control ), announced today that it has completed its merger with iBidAmerica, Inc., which has become a wholly-owned subsidiary of Care. All of IBID's common stock has been converted into 12,080,827 shares of Care common stock. In addition, the outstanding preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of IBID ibid abbr (= ibidem) → ib(id). has been converted into an equivalent number of preferred stock shares in Care, with like preferences. Pursuant to the terms of the Agreement, former officers and directors of Care have resigned and have been replaced by IBID officers and directors Steve Markley, Chief Executive Officer and Director; C. Gary Spaniak, President and Director; and Steve Robinson This article is about the Welsh former professional boxer. For the NASA astronaut, see Stephen Robinson. For other persons of the same name, see Robinson. Steve Robinson (born Cardiff) is a Welsh former professional boxer. , Director. "We believe we have facilitated the business plans of both companies by consummating this merger," Mr. Markley said. "Our intent has been to add to IBID stockholders' value by trading publicly, and Care's management has been seeking a suitable acquisition candidate. This is a win-win situation." Care's new subsidiary, IBID, a Florida corporation, is an International Advertising and Marketing Sales Promotion Company. The company's marketing program showcases local and national businesses on its Internet website http://www.ibidusa.com. Products and services are featured in an auction format starting with an opening bid of about 30% of the retail value. Many of the auctions benefit local and national charitable organizations. IBID is active in South and Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. , while currently implementing its expansion into other metropolitan markets. Its executive offices are located in Pompano Beach, Florida Pompano Beach is a city in Broward County, Florida, along the coast of the Atlantic Ocean just to the north of Fort Lauderdale. The Nearby Hillsboro Inlet forms part of the Atlantic Intracoastal Waterway. As of 2006, the U.S. . NOTE: This press release for Care Concepts I, Inc. may contain forward-looking statements as defined in Section 27A of the Securities Act of 1934, regarding events, conditions and financial trends that may affect the Company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from expectations, which are subject to various risks and uncertainties as listed in Care Concepts I SEC filings. The forward-looking statements made herein are based on information presently available to the management of the Company. The Company assumes no obligation to publicly update or revise these forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. |
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