EVRO shareholder meeting date approved.LAKELAND, Fla.--(BUSINESS WIRE)--Sept. 16, 1996--EVRO Corp. ("EVRO" or the "company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EVRO) announced Monday that it has received approval from the United States Securities and Exchange Commission to distribute to its shareholders a Definitive proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. and associated materials relating to a special shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to be conducted on Friday, Oct. 11, 1996 at 2 p.m., at Four Points Hotel, 4141 South Florida Ave., Lakeland, Fla. 33813. All shareholders of record as of Aug. 5, 1996, will be mailed proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other . "We have been waiting to get to this exciting juncture and be in a position to hold EVRO's shareholders' meeting. This is the first major step for the implementation of the Channel America/TSSN business plan and enables EVRO to raise the necessary funds to finance its new direction," said Thomas L. Jensen, EVRO's chairman and chief executive officer. It is anticipated that at the shareholders' meeting the shareholders will approve a change in EVRO's name to "Channel America Broadcasting Inc." to reflect its involvement in the television and media industry, as well as an increase in the number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of the company's common stock. In other matters, EVRO has commenced the relocation of the television operations of its subsidiary, Channel America Television Network Inc., from Connecticut to Glendale Studios, Calif. During the balance of the month of September, Channel America will be running test programming 24 hours a day in conjunction with Panda America Shopping Network. Channel America switched from Transponder No. 2 to No. 24 on the same satellite, Telstar 402 R. It is anticipated that Channel America will reinstitute its entertainment programming in October 1996 after the test programming for shopping is complete. -0- NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.gate.net/ and a "tilde A symbol used in Windows, starting with Windows 95, that maintains a short version of a long file or directory name for compatibility with Windows 3.1 and DOS. For example, the short version of a file named "Letter to Joe" would be LETTER~1. Then "Letter to Pat" becomes LETTER~2. " between www.gate.net/ and evro. These symbols may not appear properly in some systems. CONTACT: EVRO Corp., Lakeland Thomas L. Jensen, Chairman and 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. 941/683-6467 http://www.gate.net/~evro |
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