Imporex Investments Corporation - Announcement Regarding Acquisition.LOS ANGELES--(BUSINESS WIRE)--Nov. 26, 1999-- Imporex Investments Corporation, a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets: IMVC) today announced that it had acquired California-based communications technologies incubator, Digital Video Broadcast Systems Inc. (DVBS DVBS Dvb Satellite ) through the issuance of common shares. After closing, DVBS becomes a wholly-owned subsidiary of IMVC and DVBS will be appointing a new slate of directors. IMVC issued 22,500,000 common shares to the DVBS shareholders. There are now 23,500,000 shares outstanding. DVBS is headquartered in 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. and its technical team is based, as a part of the research and development area of DVBS, in the Silicon Valley. DVBS marketing and administrative offices are located in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. ; Toronto and Vancouver, Canada; and Seoul, Korea. DVBS plans to open additional offices in 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. and Asia in the near future. Details on DVBS technologies can be viewed at www.videotechnology.com. Speaking from corporate headquarters, Michael Meyer, Chair of DVBS stated that the agreement will now allow the combined entities to raise significant funding for the furtherance of development plans and the full implementation of their business plan. "We are excited for the future prospects of our business and this is a significant step in the capital arena to accomplish these prospects." Statements in this news release which are not historical facts are "forward-looking statements" (as defined under securities law) that involve risks and uncertainties. Actual results may differ materially and adversely from those discussed in this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion