CathayOnline Merges With Lazzara Financial Asset Recovery, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 19, 2000 CathayOnline Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAOL)(www.cathayonline.com) announced today that the Company is now a reporting issuer under the Securities Act of 1934, and is in compliance with eligibility rules eligibility rules, n.pl the conditions that define who may be entitled to dental benefits, when persons first become entitled to such benefits, and any provisions that determine how long an individual remains entitled to benefits. governing the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . Pursuant to a merger with Lazzara Financial Asset Recovery, Inc. (Lazzara), a company reporting under the Exchange Act of 1934, CathayOnline has elected successor issuer status under the Exchange Act. The common stock of CathayOnline Inc. will continue trading on the OTC Bulletin Board (NASD EBB - OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) under the symbol "CAOL". The 8-K will be available through the SEC's EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. system. The initial 8-K, filed on January 19, 2000 will be followed by an amended 8-K, which will contain audited financial data and other details not previously provided. About Cathay Online CathayOnline is aggressively striving to become a leading fully-diversified Internet company targeting Chinese-speaking markets of the world, with primary focus in the People's Republic of China, Hong Kong, Taiwan, Singapore, Malaysia. Through key acquisitions, joint ventures, and prestigious international and domestic alliances, the Company is facilitating the delivery of unparalleled products and services in two high growth areas: (1) the Internet and (2) email and advanced messaging services. More information can be obtained about CathayOnline by visiting http://www.cathayonline.com. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the 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. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate", "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. |
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