DBS Holdings Inc. Announces Execution of Share Exchange and Finance Agreement by Sufficient Shareholders Resulting in DBS Holdings Inc. Acquiring Control of M-I.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 15, 2001 Further to DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. Holdings Inc.'s (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DBSH) news release of April 26, 2001, the Company announces that the share exchange and finance agreement ("Agreement") executed with M-I Vascular Innovations Inc. ("M-I") has been executed by sufficient shareholders to make the Agreement executory That which is yet to be fully executed or performed; that which remains to be carried into operation or effect; incomplete; depending upon a future performance or event. The opposite of executed. executory adj. something not yet performed or done. and results in DBS acquiring control of M-I. The Company and M-I have closed the Agreement and all pre-conditions to closing have been agreed as performed to the satisfaction of the parties. M-I and DBS shareholder certificates have been deposited with the Company and the redemption announced by the Company will proceed. DBS HOLDINGS INC. Per: Daniel Steunenberg, President/Director This news release has been prepared by management of the company who takes full responsibility for its contents. This news release may include forward-looking statements within the meaning of Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. |
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