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NORTH AMERICAN VENTURES, INC. PROPOSES NAME CHANGE AND REVERSE STOCK SPLIT

 NORTH AMERICAN VENTURES, INC. PROPOSES NAME CHANGE
 AND REVERSE STOCK SPLIT
 MONTVALE, N.J., May 1 /PRNewswire/ -- North American Ventures, Inc. (NASDAQ: NAVI) announced today that it plans to present two proxy proposals intended to enhance the value of its common stock. One proposal asks for stockholder approval to change the corporate name from North American Ventures, Inc. to Butler International, Inc. The other proposal requests stockholder approval of a one for six reverse stock split. Both of these changes require an amendment to the Company's Articles of Incorporation and the affirmative vote of 80 percent of the outstanding shares. The annual meeting is June 4, 1992.
 Edward M. Kopko, the company's chairman and president, stated, "Members of the investment community and stockholders have been urging the company to consider both steps as positive influences on stock value. The board of directors believes that now is an appropriate time to make these changes as the company anticipates emerging from the recession and resuming our business growth."
 The proposed name change would identify the company more closely with its principal operating subsidiary, Butler Service Group, Inc., and Butler's name recognition and positive reputation in contract technical services, telecommunications services, and other specialty businesses. The name Butler International would also be consistent with the company's worldwide expansion, and would not limit the types of businesses that the company could develop or acquire in the future. If the name change is approved, the NASDAQ symbol will be changed to "BUTL," effective within several days after NASDAQ is notified.
 The board believes that the reverse stock split would result in a broader market for the company's common stock. Institutional investors and large retail brokerage firms generally have a policy of not buying or recommending stocks of companies whose shares are below a specified price. After giving effect to the reverse split, the company anticipates that the market price of the common stock would be adjusted proportionately. Recently, NAVI has begun to receive attention from brokerage firms and institutional investors. A one for six reverse split would bring the company's shares into a price range that would further increase this support. The company believes that individual investors are also more likely to be attracted to the stock at the higher price range.
 Butler Service Group, Inc. is a leading domestic and international contract technical services and telecommunications services company. It is principally engaged in the location, recruitment and hiring of a wide variety of skilled engineers and technical personnel to provide services, on a temporary basis, to industrial corporations and other organizations throughout the U.S. and abroad.
 -0- 5/1/92
 /CONTACT: Cathy D. Shea of North American Ventures, 201-573-8000/
 (NAVI) CO: North American Ventures; Butler Service Group ST: New Jersey IN: TLS SU:


TM -- NE004 -- 5413 05/01/92 10:51 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:469
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