Corpas Investments Retains Wolff, Hill, Mcfarlin & Herron to Handle Bankruptcy Process.Business Editors SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--March 22, 2001 Corpas Investments Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPIM), d/b/a MediaWebcast, today announced that it had retained the services of Wolff, Hill, McFarlin & Herron, P.A. of Orlando, Fla. to represent the company through an anticipated bankruptcy process. Effective Jan. 27, 2001, the board of directors formally accepted the resignations of Molly A. Miles, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Gene Fein, President, as well as the rest of the executive staff of the company. Chairman Ross A. Love assumed the responsibilities of interim CEO working with the board of directors to explore all remaining options for the company. "At this time we feel that we have explored all options available and now feel that bankruptcy is our best and only option left," explained Ross A. Love. Corpas Investments Inc. d/b/a MediaWebcast, is a targeted programming developer and a worldwide transmedia distribution company. Producing and distributing live action and Web-enabled content across a worldwide media spectrum, MediaWebcast's goal is to become one of the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global creators and distributors of entertainment content. 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 in this news release that are not purely historical are 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. within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Corpas Investments Inc.'s expectations, beliefs or intentions regarding the future. Statements about the company's future expectations, including future revenues and earnings, and all other statements in this news release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. |
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