What do you think about this and the share consolidation.
DURKIN HAYES PUBLISHING LTD - New Board Launches Acquisition of First American
Canadian Market News from Market News Publishing, Wednesday, June 24, 1998 at 10:18
Donald Matheson, President & CEO of Durkin Hayes Publishing Inc., at
the Company's annual shareholders meeting earlier today, received approval
to change the name of the company to SOFT-NET INC., and announced that DHP
has entered into a Letter of Intent to acquire by way of a share exchange,
all of the outstanding shares of First Lawcorp of Toronto, Canada. The
transaction which is expected to close by August 23rd, is subject to due
diligence and the approval of requisite regulatory authorities.
First Lawcorp, who owns the registered trademark FIRST AMERICAN LAW,
has established 22 member firms in the Tampa Bay market. Gary Swernik,
founder and President of First Lawcorp will head up the North American
expansion of First American Law as a division under the SOFT-NET umbrella.
It is expected that First American Law will expand to 2,500 members by the
year 2000, with expected revenues of over $50.0 million.
Donald Matheson, President & CEO, of Durkin Hayes, stated, "We are
pleased to announce under our new proposed banner of SOFT-NET INC, an
expanded vision for the Company as a marketer of intellectual property. The
addition of First American Law is only one step in our mandate to expand
under the direction of the new Board who were elected at the shareholders
TEL: (416) 340-7507 J.C. Pennie, Chairman
TEL: (800) 263-5224 Don Matheson, President
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Companies or Securities discussed in this article:
Durkin Hayes Publishing Ltd.
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