|
|
Article: eBT International, Inc. Reports January 31, 2004 Net Assets in Liquidation.
- Article from:
- PR Newswire
- Article date:
- March 16, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. 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)
|
eBT International, Inc. (Formerly OTC Bulletin Board: EBTN) today announced that Net Assets in Liquidation at January 31, 2004 were $1,620,000, equivalent to $5.52 per common share (based on approximately 293,300 shares of common stock outstanding).
The Company's Net Assets in Liquidation at January 31, 2004 include $111,000, approximately $0.38 per share, in cost savings benefits that were recognized in connection with the termination of the Company's status as a public company under the Securities Exchange Act of 1934.
The Company's estimated liquidation value of $5.52 per common share is exclusive of the $976,000 ($3.32 per share) litigation cost ...