Corporate Vision Inc. Acquires Minority Ownership in EMB Corporation.Business Editors/Energy Writers TULSA, Okla.--(BUSINESS WIRE)--Dec. 20, 2000 Corporate Vision Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CVIA CVIA Computer Virus Industry Association ) is pleased to announce that the company has entered into an agreement with EMB EMB eosin-methylene blue. Corporation (OTCBB: EMBI EMBI Emerging Markets Bond Index EMBI Emergency Management for Business & Industry ) a Tulsa based energy company, to acquire an approximate 5% non-dilutable position in EMBI as part of a recently formed strategic alliance and equity exchange. Corporate Vision, Inc. President 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. Keith A. Anderson issued the following statement. "We at Corporate Vision were approached by EMBI to assist in a number of acquisitions in which they are currently involved. As the business relationship evolved it became clear that EMBI has a seasoned management team aggressively courting some very attractive energy related projects. Additionally, considering the fact that CVIA has been presented with more viable energy related projects than our managerial capacity could allow us to consider created a scenario under which the natural progression was for each company to form a strategic alliance with regards to their energy resources endeavors. Management of both companies feels that this strategic alliance will serve to further and expedite the goals of each company. The EMBI and CVIA Boards of directors felt it would be of mutual benefit to each company to take a minority ownership position of 5% so that both companies and their respective shareholders may realize tangible results of this strategic alliance." CVIA is a Tulsa, OK based holding Company with current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. consisting primarily of investments in its subsidiaries and high growth companies. Examples of current assets include positions in technology, medical and natural resources companies. Statements in this press release which are not historical, including management's intentions, hopes beliefs, expectations, representations, projections, plans or predictions of the future are forward looking statements within the meaning of 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. It is important to note that the Company's actual results could differ materially from those in any such forward-looking statements. Although management feels that this stock swap A stock swap also known as a share swap or equity swap is a business takeover in which the acquiring company uses its own stock to pay for the acquired company. and strategic alliance will create tangible results for both companies and their shareholders this cannot be guaranteed. Corporate Vision, Inc. has been profiled in TheStockAdvisor Newsletter. For more information about Corporate Vision, Inc., send email to cvia@thestockadvisor.com, or visit http://www.thestockadvisor.com . |
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