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Article: EComm Systems Receives Offer to Purchase Assets and Business.
- Article from:
- PR Newswire
- Article date:
- January 26, 2001
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Copyright informationCOPYRIGHT 2001 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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DENVER, Jan. 26 /PRNewswire/ --
Mr. William A. Zemlak, CEO of EComm Systems Corporation (the "Company") (CDNX: ES.U), provides the following update on the affairs of the Company:
The Company has received an offer from management and certain other shareholders ("NEWCO") to purchase the assets and business of the Company. The offer was reviewed by independent directors, who retained a consultant to assist with their evaluation. After consideration and negotiation of the offer, and in light of market conditions and the performance of the Company to date, the independent directors concluded it was in the interests of all shareholders to accept the offer and therefore ...
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