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World Sales & Merchandising Inc. - WSMI - An Extension has Been Granted for the Notice of Intention To File a Proposal.


Business Editors

TORONTO--(BUSINESS WIRE)--May 30, 2000

WSMI WSMI World Self-Medication Industry  (CDNX CDNX

See Canadian Venture Exchange (CDNX).
: YWH YWH Victoria, British Columbia, Canada - Victoria Inner Harbour (Airport Code)  ) The Company filed a Notice of Intent to Make a Proposal pursuant to subsection subsection
Noun

any of the smaller parts into which a section may be divided

Noun 1. subsection - a section of a section; a part of a part; i.e.
 50.4(1) of the Bankruptcy & Insolvency Act on April 3rd, 2001. The date for filing The Proposal has been extended to June 28th, 2001.

It is important to note that WSMI is not bankrupt. Management will prepare the necessary documents, which includes a proposal to the creditors by June 28th, 2001, pursuant to the guidelines of the Act. A further press release will be disseminated to the public upon the completion and status of the proposal.

Soberman Isenbaum Colomby Tesis Inc., a licensed Trustee has consented to act as Trustee in this assignment.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 30, 2001
Words:119
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