Corporate Vision Announces Stock Dividend.TULSA, Okla.--(BUSINESS WIRE)--Jan. 4, 1999--Corporate Vision, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CVIA CVIA Computer Virus Industry Association ) announced today that it will issue a stock dividend to all CVIA common stock shareholders of record as of January 22, 1999. This stock dividend will be common shares of ArchivalCD Inc. Shareholders of CVIA common stock will receive one share of ArchivalCD Inc. Common Share for every seven shares of CVIA common stock they hold. The Company anticipates that the ArchivalCD Inc. Common Shares will be publicly traded by the end of January to mid February 1999. ArchivalCD Inc. will become independent of Corporate Vision, while Corporate Vision Inc. maintains a minimum of 12% or larger ownership interest in ArchivalCD Inc. ArchivalCD, Inc. specializes in the conversion of microfilm A continuous film strip that holds several thousand miniaturized document pages. See micrographics.  Microfilm and Microfiche records to digital storage media such as CDR (1) See CD-R and extension. (2) (Call Detail Reporting) See call accounting. (3) (Common Data Rate) A standard sampling rate for digital video for 480i and 576i systems. The rate is 13.5 MHz. See ITU-R BT. . The company has a strong niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. and 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. Daniel J. Hay anticipates expansion into government and business paper records archiving. Corporate Vision President Keith A. Anderson expressed his enthusiasm over this anticipated dividend. "CVIA's upcoming stock dividend evidences our ability to deliver value and appreciation to our shareholders. Given the Company's strategic plan for the next year, we believe that this is just one of several events in which our shareholders will directly benefit from our successful growth and management." This press release contains certain 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 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors 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. created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Corporate Vision Inc. to accomplish its stated plan of business. Although Corporate Vision believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Corporate Vision or any other person that the objectives and plans of Corporate Vision will be achieved. For further information, please contact Keith A. Anderson or Raymond Hall of Corporate Vision Inc. at (918) 748-3603. |
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