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10/10/01 1:50 AM

#1067 RE: Jim Bishop #1065

IVTI - hmmmm what is Pandacus, Inc.? http://www.pandacus.com/

Is it the same company? http://quote.yahoo.com/q?s=PNDS.OB&d=t

PANDACUS INC (OTC BB:PNDS.OB)
Last Trade
Oct 5 · 1.55 Change
0.00 (0.00%) Prev Cls
1.55 Volume
0 Div Date
N/A


IVAT Industries, Inc.
(Pink Sheets: IVTI), ("IVTI"), announces that it has entered into a non-
binding Letter of Intent to acquire 100% of the issued and outstanding shares
of Pandacus, Inc. Pursuant to the terms of the Letter of Intent, the parties
are working to execute a definitive stock purchase agreement by
October 15, 2001 with an anticipated closing of October 29, 2001.
Prior to closing on the acquisition of Pandacus, IVTI has agreed to
effectuate a four-for-one forward stock split. IVTI anticipates taking all
necessary corporate action to complete the stock split after the definitive
agreement with Pandacus is executed.

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10/10/01 8:37 AM

#1068 RE: Jim Bishop #1065

G/M Jimbo, flipping less to your SI thread since you guys are here; hence, my eyesight is improving:)

camel boy = bin laden

http://www.investorshub.com/boards/read_msg.asp?message_id=195185

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