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eTelcharge.com Announces Intent to Merge With The American Home Market Corporation - With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com.
eTelcharge.com Announces Intent to Merge With The American Home Market Corporation

 

NewswireToday - /newswire/ - Lake Harmony, PA, United States, 2005/09/01 - With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com..

   
 
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eTelcharge.com, Inc. (the “Company”), (Pink Sheets: ETLC), a financial diversified merchant service company, announced that the Company has signed a Letter of Intent (“LOI”) to merge eTelcharge.com with The American Home Market Corporation (“AHM”), a privately held company with over $100 million in annual revenues. With the closing of the merger, Ray Jackson, President and CEO of AHM, is slated to become the new Chairman of the Board of Directors of eTelcharge.com. The closing of this transaction is anticipated to be on or before November 1, 2005. The Letter of Intent sets forth certain conditions including the completion of due diligence by both parties and the signing of a definitive agreement.

TheNewsWire Gainers are Allos Therapeutics Inc. (Nasdaq: ALTH), SkillSoft plc (Nasdaq: SKIL), Empire Resorts Inc. (Nasdaq: NYNY), GENEREX BIOTECH CORP (Nasdaq: GNBT), Patrick Industries Inc. (Nasdaq: PATK), Linktone Ltd. (Nasdaq: LTON), Nutrition 21 Inc. (Nasdaq: NXXI) and Imperial Industries Inc. (Nasdaq: IPII)

TheNewsWire Decliners are Mattson Technology Inc. (Nasdaq: MTSN), Bebe Stores, Inc. (Nasdaq: BEBE), Pacific Sunwear of California Inc. (Nasdaq: PSUN), Rudolph Technologies Inc. (Nasdaq: RTEC), SanDisk Corp. (Nasdaq: SNDK), Opsware Inc. (Nasdaq: OPSW), Biogen Idec Inc. (Nasdaq: BIIB) and KLA-Tencor Corp. (Nasdaq: KLAC)

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eTelcharge.com Announces Intent to Merge With The American Home Market Corporation

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