Chiropractic 21 International Inc. Announces Completion of Acquisition of visionGATEWAY, Inc.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--March 4, 2004 Chiropractic chiropractic (kīrəprăk`tĭk) [Gr.,=doing by hand], medical practice based on the theory that all disease results from a disruption of the functions of the nerves. 21 International Inc. ("Chiropractic 21" or the "company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CHIO CHIO Concours Hippique International Officiel (international riding event) ) announced the completion of its planned acquisition of visionGATEWAY Inc. ("vision"). In connection with the acquisition, Chiropractic 21 will issue up to 36,040,500 shares of its common stock to the shareholders of vision for all of the outstanding securities of vision; presently, the principal stockholder of vision, owning 63.8% of the outstanding securities of vision, has executed and delivered the agreement and Plan of Reorganization (the "agreement"), which is an amount satisfactory to close the acquisition under the agreement. Outstanding options, warrants, preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and other securities of vision were also exchanged for like securities of Chiropractic 21. In addition, Martin G. Wotton, Michael F. Emerson and Trevor Tappenden, directors and executive officers of vision prior to the completion of the acquisition, were designated as directors and executive officers of Chiropractic 21 upon closing. Further, other appointments to the board of directors are being considered that will include independent directors who are U.S. residents. visionGATEWAY is an enterprise software solutions company with global distribution capabilities. It is accelerating its growth in key markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Asia, Europe and Australia. visionGATEWAY develops and distributes the Internet Resource Management Internet resource management has been the domain of Internet technicians in managing the addressing structure of the Internet to enable the explosive growth of Internet use, and to have enough addressing space for that growth. (IRM (1) (Information Resource Management) See Information Systems and information management. (2) (Inherited Rights Mask) In NetWare 3.x and 4. ) software INTERScepter. It is a powerful business solution that helps improve the bottom line by assisting organizations in understanding, managing and exploiting Internet usage and valuable resources bandwidth, systems and employee productivity. INTERScepter empowers managers to effectively control, schedule and utilize costly Internet resources, while placing responsibility on users to self-manage and modify their Internet usage behavior. This press release does not constitute an offer of any securities for sale. This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including the company's beliefs about its business prospects and operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the company's plan of operation, changes in the company's anticipated earnings, continuation of current contracts and other applicable regulations. |
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