Comtech Capital - Major Transaction Acquisition of Axis Corp.EDMONTON, Alberta--(BUSINESS WIRE)--May 24, 1996--COMTECH CAPITAL INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CCZ CCZ Cyber Condition Zebra (Washington Naval Yard) CCZ Command and Control Zone CCZ Carlet-Charpin-Zinoviev (Equivalence Relation of Functions) ) -- Comtech Capital Inc. has reached an agreement dated May 19, 1996, with the shareholders of Axis Corp. (operating as Dantel Communications) to acquire all the issued and outstanding shares of Axis Corp. for a maximum purchase price of $750,000. This is an arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. acquisition. Axis Corp. is a private Alberta corporation which provides services in the audiotext and telecommunications industry. The final purchase price will be based on net income in the audited financial statements of Axis Corp. The consideration paid for the shares of Axis Corp. will be satisfied by the issuance of common shares from treasury of Comtech Capital Inc. at a deemed price of $0.20 per share. A maximum of 3,750,000 shares may be issued. Completion of this transaction is subject to regulatory and shareholder approval. This acquisition is intended as the "Major Transaction" for Comtech Capital Inc. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Comtech Capital Inc. Doug Walker Doug Walker is the name of:
Tom Hochhausen, 403/607-6540 |
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