Express Capital Concepts Inc. Reports Six-Month Financials.DENVER--(BUSINESS WIRE)--Aug. 7, 1997--Express Capital Concepts Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:EXCC EXCC Exercise Control Center ) reported the following financial information for the six-month period ending June 30, 1997: -0-
Express Capital Concepts Inc.
June 30, 1997
Revenue $ -
Operating expenses 147,056
Loss from operations (147,056)
Other income (expense):
Gain on disposal of marketable securities 139,619
Interest expense - stockholders (2,257)
Total other income (expense) 137,362
Net loss (9,694)
Net loss per share of common stock $ -
Weighted average number of common
shares outstanding 20,000,000
Express Capital was organized as a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. for the purpose of merging with or acquiring a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . In other news, the company reported that its merger plans with privately held GreyStone Technology Inc., San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , continue to progress toward a signing of the definitive agreement. GreyStone Technology designs, develops and markets real-time, interactive and networked 3-D software content, principally to the entertainment and defense markets. GreyStone's strategy is to emphasize and leverage its proprietary technology to be a leading supplier of real-time and networked interactive 3-D digital media suited for use in the rapidly expanding $15 billion location-based entertainment, arcade, and in-home entertainment markets. GreyStone's entertainment software features new kinds of interactive sports, high-energy, fast-paced, competitive, "adrenaline adrenaline (ədrĕn`əlĭn, –lēn): see epinephrine. " experiences, and exploration adventure games. GreyStone's technical expertise is derived from the engineering services and products that it has provided to the defense industry since GreyStone commenced business in 1989. -0- (This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results could vary from those expected due to a variety of risk factors, including, but not limited to, the uncertainty of successful completion of contemplated or proposed business transactions, including the proposed transaction with GreyStone Technology Inc. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements or circumstances after the date of the report hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , or report the non-occurrence of anticipated events.) CONTACT: Earnest Mathis, 303/794-9450 |
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