Jarvis Entertainment Group Acquires Controlling Interest in CMOC; Approves Manufacturing Division Spin-Off and Dividend.Business Editors & Entertainment/High-Tech Writers HOUSTON--(BUSINESS WIRE)--Dec 6, 2001 Internet technology and entertainment holding company Jarvis Entertainment Group Inc. (Pink Sheets:JRVE) today acquired a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Co-Media Inc. (Pink Sheets:COMC COMC Count of Monte Cristo COMC Canadian Open Mathematics Challenge COMC Care of Magical Creatures Class (Harry Potter) COMC Communications Controller ). JRVE is petitioning Nasdaq for a symbol change to THEJ, as the newly formed company will be called The Jarvis Group. "We worked diligently with the management and shareholders of Co-Media toward a mutually beneficial relationship for both companies, in the best interest of our respective shareholders," said John Jarvis, 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. of Jarvis Entertainment Group. "We wanted to pay a dividend to JRVE shareholders this year, and we believe this gives COMC shareholders the opportunity to be involved with a growing company, as part of our Manufacturing Division." "Shareholders believing in the long-term vision of Jarvis Entertainment Group reap the benefits," added Mr. Jarvis, chairman of newly formed The Jarvis Group. "This is a prelude of good things to come in 2002; we're planning a press conference and shareholder meeting for early January. The press conference will announce the greatly anticipated Jarvis Network launch of the MyCommunity platform. At that time, JRVE financials will already be available as part of a Jarvis Investor profile package we're compiling, printing and making into a PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. for our Web site." As part of the final arrangement, the JRVE board of directors agreed to a dividend for JRVE shareholders of record as of Dec. 31, 2001. The dividend is tentatively scheduled to be paid to JRVE shareholders on Jan. 5, 2002; the dividend ratio is 1:1. "The dividend will be allocated and distributed after the Manufacturing, Gaming and Laser Tag Divisions spin-off through a reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. , creating the survivorship survivorship n. the right to receive full title or ownership due to having survived another person. Survivorship is particularly applied to persons owning real property or other assets, such as bank accounts or stocks, in "joint tenancy. of a targeted, OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Small-Cap Nasdaq company. Once accepted by the board of directors, our management team will take complete charge of the surviving entity known as 'The Jarvis Group,'" said newly appointed CEO, Nick Jarvis. "I look forward to the opportunity this spin-off presents and working with our management team in a dual capacity filled with new responsibilities." Additionally, Charles Warner will be president of The Jarvis Group, Alex Ellerman will serve as secretary and Matthew Mecham will be a director. More information regarding the upcoming press conference, shareholders meeting and financials will be made available soon through the JEG n. 1. (Mach.) See Jig, 6. Web site (http://www.jarvisgroup.net). 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 This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, whether clinical trials will be successfully concluded and whether a product will be approved for marketing or be successfully commercialized. Those factors are discussed more thoroughly in The Immune Response Corporation's SEC filings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. FOR MORE INFORMATION ON THE COMPANY please visit www.jarvisgroup.net for a listing of corporate information, premiere Internet properties and links. |
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