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Article: DCAP Group Announces Completion of Private Placement; Proceeds Applied to the Acquisition of Barry Scott Companies.
- Article from:
- Business Wire
- Article date:
- September 3, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors
HEWLETT, N.Y.--(BUSINESS WIRE)--Sept. 3, 2002
20 Stores Added to DCAP's Storefront Insurance Agency Network
DCAP Group, Inc. (OTCBB: DCAP), the largest chain of independent storefront insurance agencies in the northeast United States, today announced that it has completed a private placement of one million common shares of DCAP for $500,000, or $0.50 per share.
The proceeds will be primarily used for working capital purposes and in connection with DCAP's contemplated expansion into new regional markets, including DCAP's concurrent acquisition of Barry Scott Companies Inc. from The Progressive Corporation (NYSE: PGR). ...
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Article: DCAP Group Purchases Barry Scott Agency from ...
Business Wire;
September 3, 2002 ;
700+ words
... ... BUSINESS WIRE)--Sept. 3, 2002 DCAP Group, Inc. (OTCBB: DCAP): Acquisition ... Storefront Operations By More Than 33 Percent DCAP Group, Inc. (OTCBB: DCAP), the largest ... expands the distribution network of DCAP Group, which until now has operated 57 stores ...
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