Cross Atlantic and Elgin Acquisition Has Been Approved.NEW YORK--(BUSINESS WIRE)--Sept. 9, 1997--Cross Atlantic Capital Corp. (OTC/BB:CROA CROA Credit Repair Organizations Act CROA Colorado River Outfitters Association ) announced that the necessary approvals have been obtained and that Cross Atlantic will acquire all of the issued and outstanding shares of Elgin e2 Inc. Under the acquisition agreement, the name of the corporation will be changed to Elgin e2 Inc. and the proposed trading symbol Trading symbol See: Ticker symbol for the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. System will be ELGN. Elgin is a $16 million electronics manufacturer and service provider for custom power and telecommunication products used by the RBOCS (regional Bell operating companies), cellular telecommunications, cable, data and related industries. Elgin's 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. William Mosconi commented: "The completion of this transaction provides Elgin with the equity structure and capital formation ability necessary to continue its growth strategy in the high-growth telecommunications equipment market. Our strategy is based upon continued internal growth, both domestically and internationally, as well as through strategic acquisitions. Elgin has completed four acquisitions in the last three years and is continuing to identify and evaluate possible acquisitions." CONTACT: Ronald J. Stauber Inc., A Law Corporation, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. 310/556-0080 |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion