CybeRelease: (OTC: FHAL) Announces Merger Agreement With Conversion Solutions, Inc.
(CybeRelease, July 12, 2006) - Lake Harmony, PA - The Fronthaul Group, Inc. (OTC BB:FHAL.OB - News) would like to announce the signing of a Merger Agreement and Plan of Merger with Conversion Solutions, Inc., a Delaware Corporation.
The surviving entity will be Conversion Solutions, Inc.; FHAL day-to-day operation will cease immediately, and the company will operate as CVSU to include the Director and Officers as follows;
The Merger facilitates $803,149,146 in booked assets and shareholder equity. Initial estimates places the company combined financial structure and per share book value at $7.21.
Under the agreement CVSU will consume all obligations of FHAL as filed in the last FHAL 10Q.
“This Merger will greatly benefit the shareholders of FHAL and CVSU, and takes the corporation one step closer toward our long-term goals,” stated CEO Rufus Paul Harris.
“This is a fantastic day for the shareholders of the Fronthaul Group, Inc. The management mindset has always been to increase shareholder value, I believe this next phase in the evolution of this company will maximize shareholder value in the most effective and efficient manner possible,” says Mike Alexander.
Attention CVSU Shareholders, Note Holders and Option Holders; Please see Shareholder update on our website www.cvsu.us each individual will be required to complete the Form of Affiliate to achieve share exchange under the Merger Agreement.
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CybeRelease Gainers are Intergraph Corporation (Nasdaq: INGR), Cognizant Technology Solutions Corporation (Nasdaq: CTSH), Dynamic Materials Corporation (Nasdaq: BOOM), Hi-Tech Pharmacal Co., Inc. (Nasdaq: HITK), Travelzoo Inc. (Nasdaq: TZOO), OSI Pharmaceuticals Inc. (Nasdaq: OSIP), Leap Wireless International, Inc. (Nasdaq: LEAP) and Oplink Communications, Inc. (Nasdaq: OPLK).
CybeRelease Decliners are Garmin Ltd. (Nasdaq: GRMN), Secure Computing Corporation (Nasdaq: SCUR), Hansen Natural Corporation (Nasdaq: HANS), Lam Research Corporation (Nasdaq: LRCX), Adobe Systems Incorporated (Nasdaq: ADBE), F5 Networks, Inc. (Nasdaq: FFIV), Network Appliance, Inc. (Nasdaq: NTAP) and SiRF Technology Holdings, Inc. (Nasdaq: SIRF).
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