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Article: North American Resorts, Inc. Enters Into Recision And Release With American Clinical Labs, Inc.
- Article from:
- PR Newswire
- Article date:
- December 16, 1996
CopyrightCOPYRIGHT 1996 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)
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ORLANDO, Fla., Dec. 16 /PRNewswire/ -- North American Resorts, Inc. (OTC Bulletin Board: NIAR)("North American"), a publicly traded vacation ownership management company located in Central Florida announced today that it has entered into a Recision and Release, dated December 1, 1996, with American Clinical Labs, Inc. ("American Clinical") to rescind the Agreement and Plan of Reorganization entered into by the parties on September 3, 1996. North American has returned the assets it acquired from American Clinical and American Clinical has returned the 41,000,000 shares of North American's common stock with registration rights to North American. In conjunction with the ...
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