Cheshire Distributors Effects Reverse Stock Split in Support of Merger; Resulting Company is Renamed 'LMIC, Inc.'.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--July 18, 2003 Cheshire Distributors, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CDCA CDCA Central District of California (US District Court) CDCA California Desert Conservation Area CDCA Chenodeoxycholic Acid CDCA Center for Development in Central America CDCA Canaan Dog Club of America ) announced that it has merged with Linsang linsang: see civet. Manufacturing, Inc. (LMI LMI Labor Market Information LMI Local Management Interface LMI Logistics Management Institute LMI Linear Matrix Inequality LMI Legemiddelindustriforeningen (Norway) LMI Low to Moderate Income LMI Lender's Mortgage Insurance ). To effect the merger a subsidiary of Cheshire merged with and into LMI; LMI has become a wholly-owned subsidiary of Cheshire. The company changed its name to LMIC LMIC Land Management Information Center (Minnesota) LMIC Labor Market Information Center LMIC Livestock Marketing Information Center LMIC Liberty Mutual Insurance Company LMIC Low or Middle-Income Countries LMIC Left Message for Incoming Call , Inc. (LMIC). Concurrent with the merger, Cheshire implemented a reverse stock split of approximately 1 for 67. As a result, the total number of issued and outstanding shares of the company is approximately 9,496,900. The former owners of LMI now beneficially own approximately 85% of the outstanding stock of Cheshire. LMIC will trade its common stock on the Over The Counter Bulletin Board (OTCBB) under the symbol 'LMII'. LMIC operates a state-of-the-art electronic manufacturing services (EMS) facility in Beltsville, Maryland, strategically located between Baltimore and Washington, DC. The Company provides electronic manufacturing services to established and emerging original equipment manufacturers (OEMs) in the networking and telecommunications, wireless, high-end computer, and industrial and medical instrumentation markets. LMIC designs, manufactures and supports high-end electronics, including components for complex life support systems in compliance with the highly regulated quality requirements of the medical instrumentation industry. LMIC is one of only a handful of ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001/2000 certified EMS providers in the mid-Atlantic region. Customers include private sector firms as well as governmental entities. LMIC is certified as a Minority Business Entity by the Maryland / District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). Minority Supplier Development Council, which facilitates government contracting activities. Forward-Looking Statements: Certain of the statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks, and uncertainties LMIC has no duty and undertakes no obligation to update such statements. |
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