Article: Equitex Subsidiary Chex Services Set to Close Transaction with Seven Ventures, Inc.

Business Editors

ENGLEWOOD, Colo. & PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--May 25, 2004

Equitex, Inc. (Nasdaq:EQTX) announced today that closing of the transaction between its wholly-owned subsidiary, Chex Services, Inc., and Seven Ventures, Inc., as previously announced on April 15, 2004, is anticipated to occur during the first week of June.

Seven Ventures has now complied with certain regulatory requirements for stockholder notification of matters related to the transaction and, as a result, the companies are moving forward with the closing process. Closing of the transaction is subject to satisfactory execution of certain closing ...

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