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ASPEN WIND SHAREHOLDERS APPROVE AMENDMENTS TO ARTICLES OF INCORPORATION; INCLUDING MEASURE TO CHANGE NAME TO ASPEN MARINE GROUP

 ASPEN WIND SHAREHOLDERS APPROVE AMENDMENTS TO ARTICLES OF INCORPORATION; INCLUDING MEASURE TO CHANGE NAME TO ASPEN MARINE GROUP
 DENVER, March 30 /PRNewswire/ -- Aspen Wind, Inc. (NASDAQ: AWND) today announced that at a special meeting of its shareholders held Friday, March 27, in Denver, the company's shareholders approved amendments to its articles of incorporation which, among other amendments, changed the name of the company to Aspen Marine Group, Inc., established a par value of $.0001 for its common stock, authorized the issuance of up to 7 million shares of Series A preferred stock and 3,400,000 shares of Series B preferred stock, decreased the authorized number of shares of common stock from 700 million to 80 million, and eliminated pre-emptive rights.
 Aspen Marine Group sells undivided interests in houseboats destined for American resorts and operates a marina in Jacksonville, Fla. In January 1992 the company purchased 82 percent of the voting securities of Marine Sports, Inc., a publicly held corporation (OTC Bulletin Board: 3MSRP) based in the Knoxville, Tenn., area. Marine Sports, through its wholly owned subsidiaries, Supra Sports, Inc. and Moomba Sports, Inc., manufactures award-winning competition water-ski boats and family runabouts, and through a third subsidiary, D'Signs, Inc., distributes corporate image sportswear and identity products. The transaction was structured as a reverse acquisition.
 -0- 3/30/92
 /CONTACT: Ella Boutwell Chesnutt of Aspen Marine Group, 615-856-3035; or Barry A. Rothman of Greenstone Roberts Public Relations, 305-975-3500, for Aspen Marine Group/
 (3MSRP AWND) CO: Aspen Wind, Inc.; Aspen Marine Group, Inc. ST: Colorado, Florida IN: SU:


BN-EA -- FL008 -- 2756 03/30/92 09:47 EST
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Publication:PR Newswire
Date:Mar 30, 1992
Words:265
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