YARDLEY VENTURES TO ACQUIRE MAGNAVISION
YARDLEY VENTURES TO ACQUIRE MAGNAVISION BAY HEAD, N.J., Jan. 3 /PRNewswire/ -- Yardley Ventures, Inc. (YVI)
(OTC) today announced that its shareholders have overwhelmingly approved the acquisition of MagnaVision Corporation in exchange for 98 percent of newly issued shares of YVI common stock.
As previously announced, MagnaVision Corporation is a wireless cable company which will serve the New York metropolitan area. As part of the transaction, YVI is effecting a 1-for-400 reverse stock split and is changing its name to MagnaVision Corporation. The transaction is expected to close within the next two weeks. -0- 1/3/92 /CONTACT: Peter G. Tobia of Yardley Ventures, 908-899-1111/ CO: Yardley Ventures, Inc.; MagnaVision Corporation ST: New Jersey, New York IN: SU: TNM SH-CK -- NY030 -- 6515 01/03/92 13:19 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 3, 1992|
|Previous Article:||U.S. DEPARTMENT OF COMMERCE EXTENDS 75 PERCENT LOG EXPORT BAN FOR TWO YEARS; DECISION WILL BENEFIT WASHINGTON SCHOOLS|
|Next Article:||SHOPKO STORES REPORTS DECEMBER SALES|