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All its other subsidiaries have been dissolver by its stateof incorporation. Durintg the fiscal year ended April 30, 1999 the Company had no All previous business operationz havebeen discontinued. The Company's primaryg assets are preferred shares in OTC BulletinBoardr companies. The Company was incorporated in Colorado onSeptember 5, 1975, and completed a $500,000 publicv offering of its commobn stock in March 1976. The Company has made several acquisitiona and divestments ofbusinessese (see Discontinued Activities - Acquisition and Divestment The Company was delistedf from NASDAQ's Small Cap Market on Februarg 26, 1998.
Subsequently it was unable to raisse additional capitalrequired
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