Business Services Industry
Chartwell International Inc. receives contribution from major shareholders
Business Wire, Oct 15, 1996
DENVER--(BUSINESS WIRE)--Oct. 15, 1996--Chartwell International Inc. (OTC:CHAP) announced today that it has recently completed an agreement to receive a capital contribution from two of its major shareholders of 7 million shares of Chartwell International Inc. common stock, representing approximately twelve percent of the company's outstanding shares.
Chartwell also issued a warrant (to one of the two shareholders) to purchase 4 million of the company's shares at 20 cents per share.
These securities are expected to accomplish several important objectives for the company, including use in acquisitions, employee incentives and the reduction of outstanding debt.
Chartwell is a holding company specializing in sports marketing.
CONTACT: Chartwell International Inc., Denver
Richard R. Perkins, 888/393-CHAP
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
Most Popular Business Publications
Content provided in partnership with
