Article: Equitex and Chex Services Close Merger with Seven Ventures, Inc.

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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