Postal Connections Parent GBSI Files a Schedule 14C
|
Global Business Services Parentof Postal Connections Franchise Opportunities, Inc. announced today the filing of a Schedule 14C with the Securities and Exchange Commission as of March 15, 2004 (see EDGAR). The action disclosed in the filing, approved by a majority of the outstanding shares by written consent calls for the following: The Company will effect a 15 for 1 reverse split of its common stock. In addition, for each post-reverse share of common stock held the holder will be issued one Class "A" Common Stock Purchase Warrant (the "A Warrant"). Each A Warrant entitles the holder to purchase one share of GBSS Common Stock at $1.00 per share and will expire 12 months from the date of issuance. If the A Warrant is exercised, the shareholder will automatically be issued a Class "B" Common Stock Purchase Warrant (the "B Warrant"). Each B Warrant entitles the holder to purchase one share of GBSS Common Stock at $1.50 per share and will expire 12 months from the date of issuance.In addition, all preferred shares currently issued and outstanding will be immediately converted to common stock. "This restructuring program is designed to position the Company for its future growth and shareholder value," stated Stephen M. Thompson, President and CEO of GBSS. "With its operating subsidiary Postal Connections now beginning to generate consistent quarterly profits, GBSS can re-establish its primary game plan of growth and expansion through acquisition and strategic alliances. The Company will continue to be aggressive in its efforts to generate growth, profits, and shareholder value." Forward-looking statements contained herein are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors such as the ability of the Company to meet its working capital needs, the ability of the Company to successfully market its goods and services, and other risks detailed in the Company's periodic filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Global Business Services, Inc. Mr. Bill Evans, 310-288-4584 Ext. 205 |
Information Request Form
Please fill out the short form below to request more information on this opportunity.Submitting this form creates no obligation upon you, it is only a request for additional franchise/business opportunity information.
*Required Fields Have Red Stars
Please Double Check Your Email Address and Phone Number Before Submitting.
At USFranchiseNews.com, our goal is to provide you with a wide variety of possible franchise and business opportunities. By submitting your information, you agree to the terms of our Privacy Policy.
At USFranchiseNews.com, our goal is to provide you with a wide variety of possible franchise and business opportunities. By submitting your information, you agree to the terms of our Privacy Policy.
Advertisement
Latest Articles
Party business to expand Card & Gift Franchises Enjoy Low Start Up Costs Strong Equipment Leasing Association released Monthly Leasing Index Systems Paving Switches To Smaller-Territory Franchise Model For Greater Results Cost savings stack up at UPS Insurance savings for Currie & Brown by Expense Reduction Analysts ERA helps Hilton Belfast New Franchise Concepts Impact Small Businesses Amdecon Now Offering Franchise Opportunities for Crime Scene Clean Up and Decontamination Services NiteLites of Charlotte Shines Bright at the Greater Charlotte Home & Interior Design Show
|
|
|
|
|
|
|
|
|
|
|
| International Franchise Association | Canadian Franchise Association | Irish Franchise Association | Small Business Administration | SCORE | Franchise Recruiters, LTD |
Copyright ©2003-2005 USFranchiseNews. All rights reserved.
38.103.63.17
