Corporate Vision Inc. Considering Merger Offers.TULSA, Okla.--(BUSINESS WIRE)--Oct. 14, 1997--Corporate Vision Incorporated (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CVIA CVIA Computer Virus Industry Association ) today announced that numerous offers have been tendered to Corporate Vision, Inc. from several well-established companies wishing to merge with CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute . Negotiations are in progress to help Corporate Vision, Inc. narrow down the list of interested companies to those that can generate the highest return and best fit CVI's goals and mission statement. Jack Arnold, 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. of Corporate Vision, Inc., commenting on these prospects, said, "Through our restructuring efforts, we have positioned CVIA to be very attractive for companies seeking to merge. The fact that we have virtually no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. has certainly enhanced our position. Our efforts have focused on the most effective way to bring CVI back to stability and profitability." The company also reports that Corporate Vision, Inc. has been reorganized to streamline management and make operations more efficient. Mr. Arnold said, "It is my firm intent to provide reliable, accurate and timely information to our shareholders. We have some outstanding opportunities on the table, and are pledging every effort to fulfill the expectations of our shareholders. Additionally, we understand that consistent communication of information to the shareholders will be essential to re-establishing confidence in Corporate Vision's future." Substantial progress has been made and developments will be reported as soon as completed agreements are signed. 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 involves risk 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 Inc. Jack Arnold, 918/748-1996 |
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