Celtic Investment, Inc. Announces The Sale of Assets and Business of Its' Wholly Owned Subsidiary - Goodman Factors, Inc. to Bay View Commercial Finance Group.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--Feb. 4, 2000 Celtic Investment, Inc. (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. : CELT Celt (kĕlt, sĕlt) or Kelt (kĕlt). 1 One who speaks a Celtic language or who derives ancestry from an area where a Celtic language was spoken; i.e. ) today announces the sale of substantially all the assets and business operations of its wholly owned subsidiary-Goodman Factors, Inc. (Goodman) to Bay View Commercial Finance Group (BVCFG), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Bay View Bank, which is a wholly owned subsidiary of Bay View Capital Corporation, (Bay View NYSE NYSE See: New York Stock Exchange : BVC). Doug Morris, President of Celtic commented, &uot;The sale of Goodman to BVCFG provides Celtic and its' shareholders the ability to seek new financial services horizons. The proceeds from the sale completely restructured Celtic's balance sheet by eliminating all short and long term debt, and provided the financial cash equity to expand into other opportunities that the Board of Directors believe will enhance Shareholder value&uot;. |
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