Ampex Corporation (fka AEXCA)

[micasey123]

CapTech Financial to Retire 87 Million Common Shares
PR Newswire - April 13, 2005 12:10

LIGHTHOUSE POINT, Fla., April 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- CapTech Financial Group, Inc. (OTC Bulletin Board: CTFG) announced today that its majority shareholder, Theodore R. Molinari, has agreed to retire 87,000,000 shares of his personal CTFG common stock.

CapTech Financial Group, Inc. Board of Directors has agreed to retire the CTFG shares to the treasury and issue Mr. Molinari a class of preferred stock with majority voting rights. The retirement of the stock should occur within the next month.

"We expect this measure will bring an increased value to our shareholders," said Ed Houston, CapTech's Chairman & CEO. "We are negotiating and putting contracts in place to ensure longevity for our company and, as this occurs, we will take steps to bring further value to our shareholders."
http://www.amtdrt.inlumen.com/bin/story?StoryId=CqLYzqbWbmtaZCdCYoty