BHSE.PK I am wondering why this hasn't moved...currently $.24...any reply appreciated
Fortune 1000 Group Makes a Proposal to Acquire all The Outstanding Shares of Bach-Hauser
Friday January 7, 10:30 am ET
MONTREAL, Jan. 7, 2005 (PRIMEZONE) -- Bach-Hauser (Pink Sheets:BHSR) announced today that Fortune 1000 Group, a publicly listed company on the TSX Venture Exchange symbol FRT, has made a proposal to the company to acquire all its outstanding shares. The directors of Bach-Hauser believe the acquisition price should not be under $1.00 USD per share. This price is predicated on Bach-Hauser's present revenue and projected revenue based on POS (point of sale) terminals presently active in the field and under contract to be installed this year.
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On Tuesday January 11, 2005 the company will issue a press release regarding revenue and revenue projections. The company is also aggressively targeting other companies in the same industry for acquisition.
About Fortune 1000 Group
Fortune 1000 Group, with head offices in Sainte-Foy (Quebec), is a leader in the development, sale and support of accounting, commercial and banking management systems.
About Bach-Hauser, Inc.
Bach-Hauser, Inc. through its wholly owned subsidiary DM2 Technology is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies
My picks are my own and many times wrong, generally looking 3-6 months out
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