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AMTV |
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Mark Samardich, CEO of Austin Medical Technologies, stated,
"We are pleased to be trading under our new symbol AMTV provided to
us by the NASD. The company recently announced a definitive agreement with Tiwenz
Group whereby AASI will acquire Tiwenz' subsidiaries Minbao Group
(USA), Tainan Group (USA) and AMTV Network in a stock transaction. The company announced last week that it has entered into an
Agreement of Intent with Tiwenz Group to acquire Tiwenz's
subsidiaries Tainan Group (USA), Minbao Group, USA and AMTV Network in a
stock transaction, with a corresponding infusion of net assets or equity
into AASI expected to be approximately US$245 million after the closing
of the acquisition. |
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