Caribbean Motor Works USA, Inc. Announces Initial Public Trading in Its Common Stock.Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 25, 2000 Caribbean Motor Works USA, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CMWU), manufacturer of the Jeep Islander Sport Utility Vehicle, announced today immediate availability of its common stock for trading. Stock is quoted on the National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau system. Interested investors should have their brokers contact the company's market maker, J. Alexander Securities, Los Angeles at 213/687-8400 and ask for Jeff Church. CMW CMW Compartmented Mode Workstation CMW Compton's Most Wanted (rap group) CMW Charles Machine Works, Inc. CMW Country Music Weekly (magazine) CMW Channel Memory Write CMW Constraints Management Workshop manufactures the sporty Jeep Islander in Barbados. CMW is emerging from a development phase, during which it perfected and sold 40 prototypes to individuals and police departments in seven countries. CMW is a licensed CARICOM CARICOM: see Caribbean Community and Common Market. manufacturer and exports the Islander duty-free to all other CARICOM member nations. CMW enjoys preferential trade treaties with Central and South America. In addition to the competitive advantage of its duty-free status and unlimited market, CMW employs an educated and cost-effective labor force to build high-quality products in its fully equipped plant. The company's USA office is located at 3131 West Alabama, Suite 102, Houston, TX 77098-2031. The plant is located in Barbados at Six Cross Roads Industrial Park, Building 4C, St. Philip, Barbados. Common Stock Facts: 75,000,000 shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. ($.001 par). Total float 945,000 (504D public offering), 1,270,000 shares are owned by non-affiliates, 10,600,000 bear restrictive legends under rule 144, for a total of 11,545,000 shares issued. Transfer Agent: Signature Stock Transfer, Inc; 14675 Midway Road; Suite 221; Dallas, TX 75244 972/788-4193. 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. is 141 855 106. Bob Russell, founder and 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. remarked, &uot;We are delighted to provide this opportunity for investors to easily participate in our company's growth. Many people have been waiting for public trading in our stock. We look forward to a long relationship with our investors and our market maker, J. Alexander Securities. We encourage everyone interested to look us up at our web site and call us for more information.&uot; All funds generated from stock sales will be used for product development, parts inventory, operations, and expansion of the company, including expanded facilities. |
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