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Article: OTCBB-VHGI Announces LOI to Sell Certain Assets for $10 Million Cash/Stock to WNDM; With Stock Dividend to be Distributed to Shareholders in 2010.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Virtual Health Technologies, Inc. (BULLETIN BOARD: VHGI) announced that it has entered into a Letter of Intent to sell all health care related assets to Wound Management Technologies, Inc. (WNDM). The deal provides for VHGI to be paid $1,000,000 in cash and debt, 4,000,000 shares of WNDM stock and a royalty agreement for continued revenues to VHGI. WNDM closed at $2.00 per share on 11/4/09 and VHGI closed at $0.27 per share on 11/4/09. VHGI intends to retain the cash and debt portion of the consideration for working capital purposes, and intends to distribute the WNDM stock to its shareholders as a dividend in 2010, subject to completion and effectiveness of a re-sale ...
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Article: Management Technologies, Inc. Announces Agreement ...
PR Newswire;
July 25, 1997 ;
700+ words
... ... YORK, July 25 /PRNewswire/ -- Management Technologies Inc. (Nasdaq: MTCI) today ... insurance and banking industries. Management Technologies will market Softstar's BABI ... said the agreement will enable Management Technologies to provide solutions to insurance ...
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