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Press Release Source: Conversion Solutions, Inc.
Conversion Solutions, Inc. Announces Merger Agreement With the FrontHaul Group, Inc.
Wednesday July 12, 12:26 pm ET
KENNESAW, Ga., July 12 /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. (OTC Pink Sheets: CVSU - News), would like to announce the signing of a Merger Agreement and Plan of Merger with The FrontHaul Group, Inc. (OTC Bulletin Board: FHAL - News) a Delaware Corporation.
The surviving entity will be Conversion Solutions, Inc.; FHAL day-to-day operation will cease immediately, and the company will operate as CVSU to include the Director and Officers as follows;
Surviving Board of Directors
Rufus Paul Harris Chairman
Ben Stanley Director
Jerry Bivens Director
John Walsh Director
Surviving Officers
Rufus Paul Harris Chief Executive Officer
Ben Stanley Chief Operating Officer
Darryl Horton Chief Financial Officer
Jerry Bivens Corporate Secretary
Sabra Dabbs Executive Vice President Investments
John Walsh Executive Vice President Administrations
The Merger facilitates $803,149,146 in booked assets and shareholder equity. Initial estimates places the company combined financial structure and per share book value at $7.21.
Under the agreement CVSU will consume all obligations of FHAL as filed in the last FHAL 10Q.
"This Merger will greatly benefit the shareholders of FHAL and CVSU, and takes the corporation one step closer toward our long-term goals," stated CEO Rufus Paul Harris.
Attention CVSU Shareholders, Note Holders and Option Holders; Please see Shareholder update on our website, www.cvsu.us. Each individual will be required to complete the Form of Affiliate to achieve share exchange under the Merger Agreement.
"I strongly recommend that all shareholders calls for Hard copy certificates, due to FHAL near future name and symbol change," stated CEO Rufus Paul Harris.
About Conversion Solutions, Inc.
CVSU is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CVSU's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CVSU is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us.
Current Joint Venture Corporations
American International Smart Structure
Brittenum Brothers Entertainment, Inc.
Rocky Road Records, Inc.
Seko Management Inc.
Current Wholly-Owned CVSU Subsidiaries
Tserof Holdings Inc.
CVSU Coffee Shop
Equine Solutions, Inc.
Stargate Productions, Inc.
Current Waatle Merger Subsidiaries
Live Mortgage Free
Federal Chamber of Commerce
Center State Beverage
LotteryFever
InfinityOne, Inc.
Amruss Group, LLC
LoanShoppers.com
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Source: Conversion Solutions, Inc.
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