Corporate Vision Announces Shareholder Restitution Package.TULSA, Okla.--(BUSINESS WIRE)--Aug. 18, 1998--Corporate Vision Inc.'s (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CVIA CVIA Computer Virus Industry Association ) board of directors in a special two-day meeting in Tulsa has approved a 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. issue as a dividend to shareholders. One preferred share will be issued for every 10 common shares held on the record date of Sept. 1, 1998. Corporate Vision expects to have these preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. distributed and trading within the next 45 days. These preferred shares are non-voting convertible issues convertible on Sept. 1, 2003. Other issues the board addressed were retiring all of Corporate Vision's outstanding debt, and preparing to issue the 10k and other SEC documents to allow for the company to remain fully compliant with the SEC rules and regulations. The board of directors appointed the following officers: Raymond, Hall, chairman of the board Jack Arnold, vice chairman Joe Seibert, vice chairman Roger Spencer, treasurer Craig Treiber, secretary William Hale William Hale may refer to:
Corporate Vision Inc. is a fully reporting company with the SEC. 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 the company that involve risks and uncertainties. Risks and uncertainties of the company are detailed from time to time in the company's filing with the Securities and Exchange Commission.
CONTACT: Corporate Vision
Jack Arnold, 918/748-3603
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