Business Services Industry
Spa's management purchases shares
Business Wire, Jan 16, 1997
CHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 16, 1997--Spa Faucet Inc. (NASDAQ OTC: DRIP) today announced that an investment group led by Leonardo Sudman, Spa's president, has purchased Eco2 Inc.'s equity interest of 7,800,000 restricted common shares in Spa Faucet Inc.
As a result, management now controls approximately 70 percent of the outstanding common shares of Spa Faucet Inc. The shares purchased are restricted under Rule 144 of the Securities Act.
CONTACT: Spa Faucet Inc.
Leonardo Sudman, 818/718-9305
Fax: 818/718-9309
Email: FaucetSpa@aol.com
COPYRIGHT 1997 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
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