Chartwell's Assets Appraised at $18M to $24M.Business Editors DENVER--(BUSINESS WIRE)--Oct. 2, 2001 Chartwell International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRWJ), a publicly traded holding company, has received an independent valuation analysis of the corporation's net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. . The report was compiled by Callard, Madden & Associates (CMA CMA - Concert Multithread Architecture from DEC. ) of Chicago. CMA is a highly respected 25-year-old investment advising firm specializing in the field of valuation forecasting, research services, and data handling tools for portfolio managers and corporate managers. CMG's database includes 7000 U.S. and Canadian firms covered by Compustat. Current and former clients include Allstate Insurance Company, Deloitte & Touche, Kemper Financial Services, Price Waterhouse, and Scudder Stevens & Clark, to name a few. The analysis provided a high and low range of the five principal assets owned by Chartwell International. The range has been determined to be between $17,867,300 and $23,938,400. Based on the total number of Chartwell shares outstanding, this would equate to a per share value of $0.30 and $0.40. The five assets, and their respective values, based on the baseline (median) assessments, were as follows: College Bound Student Alliance Corp. equity $9,732,400 Gypsum asset $5,477,000 Tax Loss Carryforwards $3,600,000 Royalty Income Stream value $2,240,000 San Diego Real Estate, net $ 984,000 The Company is a fully reporting issuer, and Chartwell's common stock is quoted on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Over-The-Counter Bulletin Board under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CRWJ. Company Website: www.chartwellinternational.com 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. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. |
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