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Post by Franko10 ™ on Dec 2, 2004 20:34:35 GMT -5
knobias.10kwizard.com/filing.php?repo=tenk&ipage=3120720&doc=1&total=&back=1&g=&attach=onFrom the SEC Filing: ITEM 26. RECENT SALES OF UNREGISTERED SECURITIES Set forth below is information regarding the issuance and sales of our securities without registration during the last three years. No such sales involved the use of an underwriter and no commissions were paid in connection with the sale of any securities. Except as otherwise noted, all sales below were made in reliance on Section 4(2) of the Securities Act of 1933, as amended (the "Act"). In November 2004, we entered into a Stock Purchase Agreement (the "Agreement") with a CMKX-treme, Inc. Pursuant to the Agreement, CMKX-treme, Inc. agreed to purchase 12,500,000 shares of common stock for a purchase price of $1,750,000. Under the terms of the Agreement, CMKX-treme, Inc. initially purchased 3,571,428 shares of common stock for $500,000, and it is required to purchase the remaining 8,928,572 shares of Common Stock for $1,250,000 by December 31, 2004.
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Post by Franko10 ™ on Dec 2, 2004 20:34:58 GMT -5
CONVERSION SERVICES INTERNATIONAL, INC. ANNOUNCES COMPLETION OF ITS MERGER INTO THE LCS GROUP
East Hanover, New Jersey, January 30, 2004 -- Conversion Services International, Inc. (CSI -- The Center for Data Warehousing) ("CSI"), a developer and provider of management and business intelligence consulting and data warehousing services for Global 1000 and other businesses, announced today that it has completed its merger into a wholly-owned subsidiary of LCS Group, Inc., a publicly traded company (OTCBB:LCSI.OB). As part of the transaction, LCS Group will change its name to Conversion Services International, Inc. and the former stockholders of CSI will control the board of directors and approximately 84.3% of the outstanding shares of common stock of the company.
CSI is a leading provider of a new category of professional services that embraces IT management consulting, data warehousing, business intelligence consulting and e-Business solutions. CSI offers an array of products and services to help companies define, develop and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI also offers services and solutions for both internal and external enterprise reporting. CSI's current customers include Verizon Wireless, Morgan Stanley, Pfizer, Goldman Sachs, Merck and Standard & Poor's.
Scott Newman, Chairman, President and CEO of CSI stated, "We are very excited about becoming a public company. This transaction was a critical next step in the execution of our strategic business plan. After growing our company privately for over fourteen years, we see significant potential in obtaining access to the public capital markets and a public currency for use in connection with strategic initiatives. Additionally, being a public company will allow our employees to share in the benefits of CSI's future growth."
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