Country Maid Foods Signs Letter of Intent.AURORA, Mo.--(BUSINESS WIRE)--Sept. 15, 1998--Country Maid Foods Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CMFI CMFI Central Multiport Fuel Injection ) announced today that it has signed a letter of intent to acquire Territorial Inns Management Inc., a Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. . Territorial Inns Management is in the business of providing management services to the lodging industry and currently is operating facilities with gross revenue in excess of four million ($4 million) annually. Under the terms of the letter of intent, Country Maid Foods Inc. will acquire all of the common stock of Territorial Inns Management and will operate Territorial Inns as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . The companies expect to have a completed purchase agreement by Sept. 30, 1998. The acquisition of Territorial Inns Management is subject to the completion of the necessary due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and approval of the boards of directors of both Territorial Inns Management Inc. and Country Maid Foods Inc. CONTACT: Country Maid Foods 417/678-3511 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion