AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Equitex and Chex Services Close Merger with Seven Ventures, Inc.
Business Editors
ENGLEWOOD, Colo. & WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 8, 2004
Equitex, Inc. (Nasdaq:EQTX) (the "Company") announced today that the transaction to merge its wholly-owned subsidiary, Chex Services, Inc., into a wholly-owned subsidiary of with Seven Ventures, Inc. (OTCBB:SVVI) has closed. As previously announced, Equitex exchanged 100% of its equity ownership in Chex Services for 7,700,000 shares representing 93% of Seven Ventures' outstanding common stock following the transaction. As a result, Chex Services has become a wholly-owned subsidiary of Seven Ventures.
Equitex, Inc. is a holding company operating through its majority-wholly owned subsidiary, Seven Ventures, Inc., which operates Chex Services of Minnetonka, Minnesota. Chex Services provides comprehensive cash access services to casinos and other gaming facilities under the trademark name "FastFunds" (www.fastfundsonline.com). The Company also operates its majority owned subsidiary, Denaris Corporation, which was formed to provide stored value card services.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ ...
- CORRECTING and REPLACING Equitex Subisidiary Chex Services to Receive 50%...
- Press release article from: Business Wire January 8, 2004 700+ words
...corrected release reads: EQUITEX SUBISIDIARY CHEX SERVICES TO RECEIVE 50% PARTICIPATION...IN AVAILABLE MONEY, INC. Equitex, Inc. (NASDAQ: EQTX...wholly owned subsidiary, Chex Services, Inc., has provided financing...
- Equitex Terminates Cash Systems Agreement for Purchase Of Chex Services.
- Press release article from: Business Wire December 15, 2003 700+ words
...definitive agreement between Equitex, Inc., its subsidiary Chex Services, Inc. and Cash Systems...termination of the agreement with Equitex and Chex Services and that it had commenced litigation against Equitex and Chex. Equitex believes...
- Equitex Accepts Offer from iGames Entertainment, Inc. for the Sale of Its Chex...
- Press release article from: Business Wire November 12, 2003 700+ words
...the purchase of Equitex's wholly owned subsidiary, Chex Services, Inc. ("Chex...better offer for the Equitex stockholders than...Systems, Inc. Equitex therefore has executed...for the sale of Chex Services to iGames. Among...
- Equitex Subsidiary Chex Services Announces Reseller Agreement with Wells Fargo...
- Press release article from: Business Wire February 20, 2004 700+ words
...Feb. 20, 2004 Equitex, Inc. (Nasdaq...owned subsidiary Chex Services, Inc. has completed...Vice President, "Chex Services will be a valuable...achieve that goal." Equitex, Inc. is a holding...owned subsidiary Chex Services of Minnetonka...
- Equitex Completes Chex Services Acquisition.
- Press release article from: PR Newswire December 24, 2001 700+ words
...GARDENS, Fla. -- Equitex, Inc. announced today...and its acquisition of Chex Services, Inc., of Minnetonka...and proud to join the Equitex family of financial...stated James Welbourn, Chex Services' President. "As I...experience and resources of Equitex as we continue to ...
- Equitex Subisidiary Chex Services to Receive 50% Participation Interest in...
- Press release article from: Business Wire January 8, 2004 700+ words
...Jan. 8, 2004 Equitex, Inc. (NASDAQ...owned subsidiary, Chex Services, Inc., has acquired...iGames," stated Chex Services President, Jim...transaction." Equitex, Inc. is a holding...owned subsidiary Chex Services of Minnetonka...
- Equitex Subsidiary Chex Services Receives Termination Notice for Seminole Tribe...
- Press release article from: Business Wire January 5, 2004 700+ words
...Jan. 5, 2004 Equitex, Inc. (Nasdaq...owned subsidiary, Chex Services, Inc., has received...149,000 of Chex Services' unaudited revenue...stated Welbourn. Equitex, Inc. is a holding...owned subsidiary Chex Services of Minnetonka...
- Equitex Board Gives Final Authorization for Chex Services Acquisition; Closing...
- Press release article from: PR Newswire November 21, 2001 700+ words
...PRNewswire/ -- - Equitex, Inc. (Nasdaq...acquisition of Chex Services, Inc. Closing...organization like Equitex provides an exciting...opportunity for Chex Services to further implement...President of Chex Services. "We intend to...and resources of Equitex and ...