Galconda Changes Its Name To Jax International
EL PASO, Tx., Nov. 22 /PRNewswire/ -- Galconda, Corp. (OTC Bulletin Board: GACP), a Delaware Corporation, has announced a name change to Jax International, Inc. (OTC Bulletin Board: JAXI), accompanied by a 1 for 10 reverse stock split effective November 22, 1996.
Jax International, Inc. based in El Paso, Texas, is a real estate development company for affordable housing. Jax International is a uniquely integrated company acting as developer, builder, seller and financier of low- to moderate-income homes. On November 22, Jax International, Inc. is closing the purchase of El Paso Realty, Inc., a 26-year-old Texas Corporation. Jax International is simultaneously negotiating on a merger of three other El Paso-based real estate agencies with a total of 22 active agents with a past sales volume estimated at $15 million in gross sales.
SOURCE Jax International, Inc.
-0- 11/22/96 /CONTACT: James T. Howard, President, Jax International, 915-584- 7405/
CO: Jax International, Inc. ST: Texas IN: FIN SU:
VP-MS -- FLF006 -- 5779 11/22/96 10:52 EST http://www.prnewswire.com
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|Date:||Nov 22, 1996|
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