Printer Friendly

RITTENHOUSE CAPITAL ISSUES ANNOUNCEMENT

 RITTENHOUSE CAPITAL ISSUES ANNOUNCEMENT
 WILMINGTON, Del., Nov. 13 /PRNewswire/ -- Rittenhouse Capital Corp.


(NASDAQ: RHUC), a Delaware corporation, today announced the finalization of the agreement and plan of reorganization between Rittenhouse and North American Environmental Corporation (North American).
 Under the terms of the agreement, 75 million shares of the Rittenhouse's common stock were issued to North American Technologies, Inc. and 15 million shares were issued to James Impero, the sole shareholder of North American.
 Immediately following the reorganization, Rittenhouse effectuated a 10-to-1 reverse split of its authorized common stock; a reduction in its authorized common stock from 200 million par value $.001 to 20 million par value $.01 and a name change to North American Environmental Corporation.
 The company appointed Thom Robinson, Impero and John Parrott as directors; accepted the resignations of the present directors and officers and appointed Robinson as chief executive officer and treasurer, Impero as president and Parrott as chief operating officer and secretary.
 North American is a corporation which specializes in the business of researching, developing, extracting, producing, processing and marketing of environmental clean-up and remedial services primarily in the area of hydrocarbon contaminated soils.
 /delval/
 -0- 11/13/91
 /CONTACT: Cecile T. Coady of HMA Investments, 215-563-5630, for Rittenhouse Capital/
 (RHUC) CO: Rittenhouse Capital Corp.; North American Environmental Corporation ST: Delaware IN: FIN SU: RCN MP-KA -- PH029 -- 4046 11/13/91 14:55 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 13, 1991
Words:228
Previous Article:NEW STUDY SAYS HIGH-SPEED INTERCITY TRAINS FEASIBLE
Next Article:AMES PROJECTS FOURTH-QUARTER EBIT PROFIT
Topics:


Related Articles
RITTENHOUSE CAPITAL CORP. ISSUES ANNOUNCEMENT
THE RITTENHOUSE WINS AAA FIVE DIAMOND AWARD FOR 1992
CORESTATES ENTERS INTO AGREEMENT TO ACQUIRE RITTENHOUSE FINANCIAL SERVICES, INC.
CORESTATES FINANCIAL CORP AND RITTENHOUSE FINANCIAL SERVICES, INC. TERMINATE AGREEMENT
NAN DUSKIN TO CLOSE FLAGSHIP STORE, SEEKS NEW WALNUT STREET LOCATION
Nuveen Completes Acquisition of Rittenhouse Financial Services
Nuveen Introduces New Growth Stock Unit Investment Trusts
Rittenhouse Financial Services, Inc. Debuts Web-Based Customer Collaboration System.
ISS Recommends Nashua Shareholders Vote For Newcastle's Slate.
Rittenhouse offers security advice at RE Technology Forum.

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