CyberAmerica subsidiary executes $1.025 million contract in proposed sale.SALT LAKE CITY--(BUSINESS WIRE)--Feb. 12, 1997--Canton Industrial Properties Management Corp. of Salt Lake City ("Canton"), a Utah corporation and consolidated subsidiary of CyberAmerica Corp. ("CyberAmerica") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYAA)(BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). : CYA CYA Cover your ass. See Defensive medicine. ), executed a real estate purchase contract with Durbano Properties LC ("Durbano"). The contract is for the proposed sale of real property located at 202 W. 400 South, Salt Lake City. The property consists of an approximately 18,000 sq. ft. office building and covered parking lot. The building once housed the corporate offices of CyberAmerica. However, during CyberAmerica's expansion in 1995, the corporate offices were moved to a larger building. The building is now being sold to Durbano. Closing date is set for April 15, 1997, pending a 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. investigation by Durbano. CONTACT: CyberAmerica Corp., Salt Lake City Richard Surber, 801/575-8073 Fax: 801/575-8092 |
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