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Article: Equitex and Chex Services Close Merger with Seven Ventures, Inc.
- Article from:
- Business Wire
- Article date:
- June 8, 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)--June 8, 2004
Equitex, Inc. (Nasdaq:EQTX) (the "Company") announced today that the transaction to merge its wholly-owned subsidiary, Chex Services, Inc., into a wholly-owned subsidiary of with Seven Ventures, Inc. (OTCBB:SVVI) has closed. As previously announced, Equitex exchanged 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 has become a wholly-owned subsidiary of Seven Ventures.
Equitex, Inc. is a holding company operating through its ...
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