Small Business Resources, Business Advice and Forms from AllBusiness.com
 

FutureVest, Inc. Acquires Barotex Technology, Inc. from Zicron Corporation.

FutureVest Group, Inc. is Spun-out as a Dividend to Shareholders

LOS ANGELES -- Garrett K. Krause, Managing Director of FutureVest, Inc. (Pink Sheets:FRVT) announced today that FutureVest has acquired 100% of the issued and outstanding stock of Barotex Technology, Inc. from Zicron Corporation.

The closing of these acquisitions provides for an immediate spin out of its subsidiary, FutureVest Group, Inc., which holds ownership of all FutureVest investments and operating subsidiaries, to its shareholders of record.

Barotex Material Company was founded in 1996 by Lilo Beuzieron and was incorporated as Barotex Technology, Inc. in 2004 after 8 years of intense research and development. Barotex's prime function was to design, develop and bring to market a specialty composite type fiber with application in a multitude of markets as a woven fabric, filament wound configuration, continuous weave product, a chopped fiber and a spun fiber that has high-heat resistance and sound deadening/insulating properties.

Barotex fibers are currently processed out of mineral rocks of volcanic origin through multiple confidential patented processes. The base fibers formulated with carbon or ceramic fibers and/or various metals have been developed into new hybrid composite type materials and technologies to open a new page in 21st Century fiber material science. Depending upon the weave and composite material introduced into the fibers, BAROTEX can work as a replacement for Carbon Fiber, Kevlar and other such high demand materials.

As part of the transaction, FutureVest, Inc. will immediately amend its name and trading symbol on the OTC Pink Sheets to Barotex Technology Corporation ("Barotex"). Simultaneously all FutureVest shareholders that own stock up to close of business on Monday, December 17, 2007 for a record date of December 20, 2007 will receive a special restricted FutureVest Group, Inc. share as a dividend. This dividend will only be eligible to FutureVest shareholders holding 25 shares or greater and will be paid on December 31, 2007.

"The completion of this transaction will allow Barotex as a public company the ability to take this highly versatile advanced material technology to a whole new level as a public traded company," commented Mr. Krause. "And for all our current FutureVest shareholders you will continue to hold your original FutureVest shares soon to become Barotex Technology Corporation as an liquid investment and receive a new restricted share dividend in FutureVest Group, Inc. as we continue our growth as a global venture investment company."

In addition, make sure to read these articles:

  • Vertrue's Stockholders Approved Acquisition by...
  • NORWALK, Conn. -- Vertrue Incorporated (Nasdaq: VTRU) ("Vertrue"), announced today that its stockholders voted to adopt the Agreement and Plan of Merger, dated March 22, ......
  • The Right Start Completes Acquisition of Zany...
  • The Right Start, Inc. (Nasdaq: RTST), today announced that it had completed its previously reported acquisition of substantially all of the assets of Zany Brainy, ......
  • DRA CRT Acquisition Corp. (formerly CRT Properties...
  • NEW YORK -- The Board of Directors of DRA CRT Acquisition Corp. (the "Company", formerly CRT Properties Inc.), declared a regular quarterly cash dividend payment ......
  • Fiber investment.
  • FutureVest Inc., a Santa Monica venture capital firm, announced that it has acquired 100 percent of the stock of Barotex Technology Inc., a Sherman Oaks ......
  • FutureVest Completes Acquisition of Barotex...
  • Barotex public shares trade on the OTC Pink Sheets under the symbol 'BARX' BRENTWOOD, Calif. -- Garrett K. Krause, Executive Director of FutureVest confirms the ......
  • Barotex Technology Completes Testing and Files for...
  • LOS ANGELES -- Lilo Beuzieron, CEO of Barotex Technology Corporation ("Barotex") (Pink Sheets:BARX), announced today that Barotex has reached a significant milestone by nearing completion ......
  • FutureVest Merges Technology Investment...
  • Combined Company to become Javalon Technology Group SANTA MONICA, Calif. -- Garrett K. Krause, Managing Director of FutureVest, Inc. (Pink Sheets:FRVT), announced today that ......
  • Izecom Enters BlackBerry ISV Alliance Program.
  • SUNNYVALE, Calif. -- Izecom Inc., a leading provider of email encryption solutions that recently launched a product for S/MIME based email encryption for the BlackBerry[R] ......
  • FutureVest Announces Second Quarter Letter...
  • SANTA MONICA, Calif. -- Garrett K. Krause, Executive Chairman of FutureVest, Inc. (Pink Sheets:FRVT), issues a six-month letter to the shareholders. Dear Shareholders, I ......
  • Acal to Distribute Izemail Email Encryption...
  • SUNNYVALE, Calif. & HAMPSHIRE, United Kingdom -- Izecom Inc., a leading provider of S/MIME email encryption products, and Acal IT, a leading pan-European value-added distributor ......
  • Barotex Technology Corporation Appoints Mr.
  • LOS ANGELES -- The Board of Directors of Barotex Technology Corporation (Pink Sheets:BARX) appoints Mr. Lilo Beuzieron to serve as CEO and Chief Technical Visionary....
  • Barotex Technology Corporation Confirms Patent.
  • LOS ANGELES -- Lilo Beuzieron, CEO of Barotex Technology Corporation (Pink Sheets: BARX), confirms the issuance of Patent for Barotex[R] Specialty Fibers. On May 29, ......
  • M&A report--December 2007.
  • Los Angeles dealmakers in December registered $26.5 billion in mergers and acquisitions, an increase of 24 percent over the same month a year earlier. Most ......
  • Intel Eliminates Forward-Looking Statements and...
  • SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 7, 1996--Intel Corporation announced elimination of forward-looking statements and cancellation of the analyst meeting planned for October 31, 1996, due to ......
  • National Coal Corp. Reports Fourth Quarter and...
  • KNOXVILLE, Tenn. -- National Coal Corp. (Nasdaq:NCOC): * Production increased 1.6% from 1,329,068 tons in 2006 to 1,350,911 tons in 2007 * 2007 revenues totaled ......
presented by