Premier Brands Inc. Announces the Acquisition of CMD Capital Limited.Business Editors
NEW YORK--(BUSINESS WIRE)--June 30, 2000
Premier Brands Inc., announces the acquisition of 100% of the capital stock of CMD CMD cerebromacular degeneration. Capital Limited and its operation PRCInvest.com.
These shares were acquired from CMD Capital's majority shareholder, a subsidiary of CathayOnline Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :CAOL), a U.S. publicly traded Company publicly traded company
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , and a number of private shareholders.
In payment for CMD, Premier Brands has issued 2.8 million shares, valued at $6 each to the selling group Selling Group
All financial institutions involved in selling or marketing a new issue of debt or equity but not necessarily participating in the underwriting consortium.
Notes: . This transaction will enable Premier Brands to become a leading financial portal Financial Portal
A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. focused on the Chinese speaking market.
The principal office of CMD Capital Limited is based in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . It also maintains offices in Beijing that focus on the content development of its financial portal. CMD is an Internet Content Provider See content provider. development corporation operating in conjunction with the State Development Planning Commission Noun 1. planning commission - a commission delegated to propose plans for future activities and developments
commission, committee - a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle of China to create a bilingual financial portal. This innovative financial portal will provide business data upon request; supply users with up-to-the-second financial information; data updates of important international business information throughout China and the world; real time stock quotes of the Shanghai & Shenzhen exchanges; videos of news events, interviews and financial discussions; a database of economic data about cities and provinces within China and a search engine for text and keywords of financial reports. CMD plans on providing the website content in both Simplified and Traditional Chinese in addition to the English language.
"This site is expected to be one of the most comprehensive investment related websites among Chinese governmental and commercial institutes, and the general public," according to Mr. David Cooperberg, a Director and Executive Officer of Premier Brands. "The site will enable on-line users to implement their investing projects by collecting and classifying investment-related information and will enable them to link to the international markets instantly," Mr. Cooperberg stated.
About Premier Brands:
The Company's mission is to become a leading Internet content portal targeting the Chinese-speaking world community providing business and financial news; real time stock quotes; and both regional and international business information.
Premier Brands Inc.
For further information contact David Ng at 212/888-6822
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the 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. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate", "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.