EMB Corporation Announces New Agreement With Corporate Vision, Inc.
TULSA, Okla.--(BUSINESS WIRE)--Dec. 18, 2000--Ben Campbell, President and CEO of EMB Corporation (OTCBB:EMBI) (Berlin, Frankfurt, and Hamburg Exchanges: http://finanzen.de.yahoo.com/q?s=919810) announces today that the company has entered into an agreement with Corporate Vision, Inc. (OTCBB:CVIA) to acquire an approximate 5% non-dilutable stock position in CVIA as part of a recently formed strategic alliance.
The 5% non-dilutable exchange of stock currently represents an exchange of approximately 1.5 million shares of EMBI for approximately 2.5 million shares of CVIA. The ending result in each company, EMBI and CVIA, is the retention of an approximate 5% minority ownership position in each respective company.
CVIA is a Tulsa, Okla.-based holding Company with current assets consisting primarily of investments in its subsidiaries and high-growth companies. CVIA focuses on holding investment position in smaller companies usually with less than $10,000,000 in market value. Examples of current assets include positions in technology, medical and natural resource companies.
Management is pleased to announce this strategic alliance and stock exchange with CVIA, because they believe that it will provide the opportunity for an increased shareholder base and market visibility. This strategic alliance will also supply the company with access to new avenues of corporate finance and funding as well as a venue for the first right of refusal concerning pending energy and mineral projects currently under review by both companies.
A number of statements contained in this report are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operation expenses and other factors described in the Company's filings with the Securities and Exchange Commission, including its 1998 Form 10-KSB, and the 1999 Form 10-KSB/A. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
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