Search This Board: 
Created: 03/16/2014 09:15:58 PM - Followers: 12 - Board type: Free - Posts Today: 0
RM Investors, Inc., Announces Acquisition of Regional Produce Distributor Changes name and management, authorizes forward stock split HEYBURN, Idaho, Mar 15, 2014 (BUSINESS WIRE) -- RM Investors, Inc. ("RMII"), announced today that it had agreed to acquire 20/20 Produce Sales, Inc., a regional produce distributor based in Heyburn, Idaho. 20/20 Produce Sales, Inc. had net sales of $15.9 million and a net profit of $0.4 million for the year ended December 31, 2013. RMII agreed to issue 4,836,000 shares of RMII stock to acquire 20/20 as a wholly owned subsidiary. Upon the completion of the acquisition, RMII will have 6,076,000 shares of common stock issued and outstanding. Prior to the acquisition, the shareholders of 20/20 and a third person purchased an aggregate of 832,400 shares from principal stockholders of RMII. As a result of these transactions, the former stockholders of 20/20 now own an aggregate of 5,468,400 shares, or approximately 90%, of the 6,076,000 shares of RMII outstanding. Approximately 340,000 shares remain in the hands of RMII's public stockholders, and 67,600 shares are retained by former RMII management. In connection with the acquisition of 20/20, its directors and shareholders were elected as directors and officers of RMII. The new Board of Directors consists of Mark D. Williams, Robert T. Williams, Tom Wason, and Colin Gibson. The Board also approved changing the name of the company to 20/20 Global, Inc. The company will announce a new stock symbol reflecting the new name at a later date. The new Board has also approved a 2-for-1 forward stock split of the 6,076,000 issued and outstanding shares of common stock to increase the outstanding stock to 12,152,000 shares. The record and effective dates of the forward stock split will be announced when they are determined. About 20/20 Produce Sales, Inc. 20/20 Produce Sales, Inc. ("20/20"), was founded in 1993 to provide Idaho potato farmers the opportunity to collectively market their product. 20/20 provides year-round apple, onion, and potato supplies shipping from 15 separate shipping facilities. 20/20's growing partners use the latest, cutting-edge technology, which includes drip irrigation, in-house forced air-drying, automated packing line and palletization, and advanced sizing and grading equipment. 20/20 is a Blue Book Trading member. Additional information about 20/20 Produce Sales, Inc., is available at: Forward Looking Statements. Statements made in this news release that relate to future plans, events, or performances are forward-looking statements. Any statements containing words such as "believes," "should," "anticipates," "plans," or "expects," as well as other statements, are forward-looking, and those statements involve risks and uncertainties outside of the control of management and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. RM Investors, Inc. stock trades on the OTC: RMII SOURCE: RM Investors, Inc.
PlusOneCoin Top Posts Free PlusOneCoin
No plusone'd posts yet. Be the first!
Post Subject
TPIA & EHVVF same ceo greenwillow 07/05/2022 10:59:22 PM
Which one? TPIA or Ei Ventures? Gentlemen Prefer Bonds 07/05/2022 07:48:55 PM
Ceo has never closed any proposed LOI or greenwillow 07/02/2022 08:55:30 AM
Scam company. greenwillow 07/01/2022 11:16:14 PM
hope it comes thru its dropped so much ugh i_like_bb_stock 06/29/2022 02:09:29 PM
I did too. I spoke with the company Gentlemen Prefer Bonds 06/29/2022 01:24:31 PM
yes sux i_like_bb_stock 06/15/2022 12:05:38 PM
good grief man The Night Stalker 06/15/2022 11:49:27 AM
#54 The Night Stalker 06/15/2022 12:26:06 AM
grabbed some down here i_like_bb_stock 05/20/2022 02:05:52 PM
Wow 1.50 to 3.27?? Posted to twitter just $on_myMind 05/19/2022 01:48:16 PM
Agreed. Home run here mplscubfan 05/19/2022 01:29:46 PM
300 mill news title, 1.2 mill float.. no brainer $on_myMind 05/19/2022 12:33:08 PM
Agree, 2.11's super thin budfoxfun 04/11/2022 12:56:48 PM
Good entry point here TPIA Robertscott 04/11/2022 07:06:35 AM
Looking to add here! budfoxfun 04/11/2022 05:50:03 AM
IMO this has plenty of growing room with Robertscott 04/08/2022 07:16:05 AM
That is a hefty increase Robertscott 04/08/2022 07:14:58 AM
2.35 nhod up in power hour! budfoxfun 04/07/2022 03:07:41 PM
The global market for psych-e-delics is expected to budfoxfun 04/07/2022 08:37:45 AM
I was looking at that as well, I Robertscott 04/07/2022 07:16:43 AM
Should see a nice move back to the 50ma! budfoxfun 04/07/2022 07:10:49 AM
Hot sector here: psych-e-delics are the next big budfoxfun 04/06/2022 03:28:12 PM
Way undervalued at these levels, 2.20's thin on budfoxfun 04/06/2022 11:38:48 AM
With innovative collaborations, TPIA stands to be first budfoxfun 04/06/2022 08:31:55 AM
Looking forward to watching this progress TPIA Robertscott 04/06/2022 07:39:47 AM
Time to take a position here TPIA Robertscott 04/06/2022 07:28:35 AM
Great levels to add here! budfoxfun 04/06/2022 07:25:46 AM
Long and Strong $TPIA! Gentlemen Prefer Bonds 03/30/2022 03:40:46 PM
Not a scam. Ei.Ventures raised $25 million in Gentlemen Prefer Bonds 03/30/2022 11:06:03 AM
Hopefully different than ehave, but history suggests caution. greenwillow 12/07/2021 04:25:48 PM
Scam/fake LOI ANNOUNCED today CEO has history of greenwillow 12/07/2021 03:16:57 PM
Scam company greenwillow 12/03/2021 11:32:05 AM
(: ListenToMe 12/02/2021 07:11:29 PM
$TPIA Mycotopia Therapies Announces Plan to Develop Psychedelic Louied91 11/17/2021 09:34:21 AM
$TPIA Mycotopia Therapies Appoints Experienced Mental Health Professional Louied91 11/10/2021 08:36:21 AM
$TPIA Mycotopia Therapies Issues CEO Letter to Stockholders, AskMuncher 11/05/2021 11:47:14 AM
$TPIA Mycotopia Therapies Issues CEO Letter to Stockholders, Louied91 11/04/2021 10:12:16 AM
$TPIA Mycotopia Therapies Signs Agreement With Havn Life AskMuncher 08/27/2021 04:52:55 AM
#23 TPIA now pink current $$ Golden Cross $$ 05/04/2021 06:33:22 AM
#22 20/20 Global Inc., TWGL, changed to Mycotopia Therapies Renee 05/03/2021 07:25:15 PM
#21 Why did this stop trading? Bpps 03/30/2021 02:53:53 PM
#20 I know a couple more Shells that are ListenToMe 03/20/2021 08:54:22 PM
#19 Someone is accumulating 3 shares at a whack rmclau4493 02/19/2021 10:01:17 AM
#18 Interesting Cheetah SPEED 02/08/2021 06:56:17 PM
#17 Name and symbol change. Getting in the synthetic Gentlemen Prefer Bonds 02/08/2021 10:29:36 AM
#16 Gapping up a little... small float but anyone jchords 12/29/2020 09:29:08 AM
#15 WOW! Nice POP Razor-Thin Low~Float... deet49 12/28/2020 03:26:35 PM
#14 saw the OS thanks. trades paper thin looks lowfloatmaster 12/28/2020 12:10:06 PM
#13 No I do not Timing101 12/28/2020 12:08:39 PM
Post Subject