Compass Knowledge Holdings Inc. Announces Closing of Acquisition.OCOEE, Fla.--(BUSINESS WIRE)--Nov. 15, 1999-- Compass Knowledge Holdings Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CKNO), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , approved for trading on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Electronic Bulletin Board, Monday announced that it has completed the acquisition of Compass Knowledge Group Inc. ("Compass"), a Florida corporation. As part of the acquisition, the company completed a $4 million private funding from the sale of common stock and $1.75 million from the sale of Series A Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , changed its name from Winthrop Industries Inc. to Compass Knowledge Holdings Inc., appointed a new board of directors and changed its offices to Florida. The company now has 14,750,000 shares of common stock outstanding. Compass Knowledge Group Inc. is an innovative educational company that delivers post-secondary education programs to working professionals utilizing its Internet Education Delivery Portal. Compass develops and delivers its own programs, and delivers the programs of its University and Knowledge partners, through its Multi-Modal Delivery System; a flexible delivery concept that gives working professionals the ability to earn advanced degrees and specialized certificates in a distributed learning Distributed Learning means a method of instruction that relies primarily on indirect communication between students and teachers, including internet or other electronic-based delivery, teleconferencing or correspondence; (British Columbia, School Act, 2006). format. Compass operates its business through three subsidiaries, Intelicus, L.C., Rehabilitation rehabilitation: see physical therapy. Training Institute Inc. and Academy of Ambulatory Anesthesia Safety Inc. This release may include forward looking statements. Such statements involve risks and uncertainties which could cause actual results to differ materially from those set forth herein. |
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