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Article: Equitex Announces Merger of Subsidiary Chex Services with Seven Ventures, Inc.; Transaction to Result in Chex Services Becoming Publicly Traded Company.
- Article from:
- Business Wire
- Article date:
- April 15, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ENGLEWOOD, Colo. & WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 15, 2004
Equitex, Inc. (Nasdaq:EQTX) (the "Company") announced today that it has executed a definitive agreement with Seven Ventures, Inc. (OTCBB:SVVI) to merge its wholly-owned subsidiary, Chex Services, Inc., into a wholly-owned subsidiary of Seven Ventures. Under the terms of the merger agreement, Equitex will exchange 100% of its equity ownership in Chex Services for 7,700,000 shares representing 93% of Seven Ventures outstanding common stock following the transaction. As a result, Chex Services will become a wholly-owned subsidiary of Seven Ventures, a publicly traded ...
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... ... Inc. and its wholly owned subsidiary, Chex Services, Inc. iGames, Inc., Equitex, Inc. and Chex Services, Inc. were all parties to a stock purchase agreement for the acquisition of Chex Services, Inc. by iGames, Inc. The stock purchase ...
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