Corporate Vision, Inc. Announces Warrant Dividend to Shareholders.TULSA Tulsa (tŭl`sə), city (1990 pop. 367,302), seat of Tulsa co., NE Okla., on the Arkansas River east of its junction with the Cimarron; inc. 1898. , Okla.--(BUSINESS WIRE)--June 1, 1998--Corporate Vision, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CVIAD - news) today announced that its Board of Directors has approved a warrant dividend to the shareholders of record as of the close of business June 1, 1998. The warrant, which will be redeemable Redeemable Eligible for redemption under the terms of an indenture. for one share of the Company's stock, will be good for one year and will carry a strike price of $3.00. The business agreement between the Company and Western Oil and Tire Distributors, Inc. (WOTD WOTD Word of the Day WOTD write only, top down (algorithm) WOTD Walking Out the Door WOTD Website of the Day ) continues to progress. Legal counsel for each party is currently reviewing the asset purchase proposal. Further, the previously announced Regulation S offering, completed in April, was a restricted offering with all funds earmarked for the closing of the WOTD deal only. The funds from the April offering have not been released from escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. . Management remains confident that the WOTD deal is in the best interests of the Company and its shareholders. This press release contains 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. with respect to the results of operations and business of Corporate Vision, Inc. that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
CONTACT: Corporate Vision, Inc.
Jack Arnold, 918/747-CVIA (747-2842)
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