Printer Friendly

REMINGTON-FOX IN DISCUSSIONS FOR EQUITY FINANCING

 REMINGTON-FOX IN DISCUSSIONS FOR EQUITY FINANCING
 RENO, Nev., May 15 /PRNewswire/ -- Remington-Fox Inc. (Over-the-


Counter) announced today that is it holding discussions with a non- disclosed health care company with respect to an equity investment into Remington-Fox Inc.
 Doug Swanson, president and chief executive officer, states that, "If concluded, this financing would materially increase Remington's shareholder equity and would provide marketing access to potential clients in hospitals, clinics, and H.M.O.s."
 Remington-Fox Inc. was established in 1987 as a medical transcription service bureau servicing hospital chains such as Kaiser, HCA, CPC and the Sunnyvale Medical Clinic. The company became public through a merger in late 1988. The company has offices in San Jose, Irvine, Westlake Village, Calif., Sandy, Utah and Reno. In its third quarter and nine months 10-Q filing with the Securities and Exchange Commission the company reported sales of $913,392 for the nine months ended Dec. 31, 1991 with net income of $106,423 ($.02 per share) based on 6,756,635 shares outstanding with $1,139,748 in stockholders' equity. Currently, the company has approximately 11,200,000 shares outstanding and is traded in the pink sheets with a current bid of $.25 per share.
 The company has recently made application to trade on the OTC Bulletin Board.
 -0- 5/15/92
 /CONTACT: Doug Swanson of Remington-Fox, 702-826-1665/ CO: Remington-Fox Inc. ST: California IN: SU:


AL-CH -- LA019 -- 0778 05/15/92 13:09 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 15, 1992
Words:240
Previous Article:GREAT WESTERN HONORED FOR ON-SITE CHILD CARE FACILITY
Next Article:MANUFACTURERS' DIRECTORS DECLARE DIVIDEND
Topics:


Related Articles
Sunbeam in talks to buy Remington.
Vestar gains control of Remington.
Eager to extend a name: new backer fuels Remington's drive.
Remington Hotel, Nomura & Promus Hotels to Develop 10 Embassy Suites Hotels
MPTV Comments on Loan Closing Time Table.
Remington gives $50,000 to Earnhardt Legacy Program.
Most local media news directors duck bias question.
Remington Oil and Gas Corporation Announces First Quarter 2005 Earnings.
Magna Entertainment Corp. Announces Implementation of Strategic Plan, Adoption of Recapitalization Plan, Revised Project Financing Facilities and...
Remington Ventures, Inc.'s Board Approves 10 for 1 Forward Split.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters