Printer Friendly

POSSIS CORPORATION ANNOUNCES EXPIRATION OF LETTER OF INTENT

 MINNEAPOLIS, Sept. 10 /PRNewswire/ -- Possis Corporation (NASDAQ-NMS: POSS) announced today that a Letter of Intent calling for the sale of its ultra high pressure waterjet subsidiary, Jet Edge, Inc., has expired. The Letter of Intent contemplated a multi-party purchase involving a substantial equity contribution by a major international corporation. Per the request of the original parties, Possis is continuing negotiations for the sale with the international corporation and anticipates announcing further developments within 30 to 60 days.
 -0- 9/10/93
 /CONTACT: Irving R. Colacci of Possis Corporation, 612-550-1010/
 (POSS)


CO: Possis Corporation ST: Minnesota IN: MTC SU:

DS-DB -- MN011 -- 0816 09/10/93 14:46 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 10, 1993
Words:107
Previous Article:FOX INC. F/X NETWORK SIGNS SIX ADDITIONAL MSOs
Next Article:AIR & WATER TECHNOLOGIES REPORTS THIRD QUARTER NET INCOME PER SHARE OF 8 CENTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters