Printer Friendly

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
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:Jan 3, 1992
Words:128
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


Related Articles
MAGNAVISION CORPORATION/YARDLEY VENTURES MERGER COMPLETED
MAGNAVISION ANNOUNCES AGREEMENT WITH MICROSELL SYSTEMS FOR PERSONAL COMMUNICATIONS NETWORK, A NEW EMERGING TECHNOLOGY
MAGNAVISION CORP. CLOSES FUNDING
MAGNAVISION ANNOUNCES YEAR-END FINANCIAL RESULTS
MAGANAVISION CORPORATION RETAINS ALLEN & COMPANY
Magnavision Obtains Loan Facility
Magnavision Corporation Announces the Appointment of a New Chairman and CEO
Magnavision Announces 1997 Results
MagnaVision Corporation Announces New 3 Million-Dollar Credit Facility and an Agreement in Principle for Robert E. Hoffman to Act as CEO and...
MagnaVision Announces Agreement to Merge.

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