Alpha Spacecom, Inc. Returns 9,555,555 Million Shares to Its Treasury
18 Mars 2005 - 10:06PM
PR Newswire (US)
Alpha Spacecom, Inc. Returns 9,555,555 Million Shares to Its
Treasury Company Moves to Eliminate Excess Shares in Float,
Convertible Preferred B Shares Canceled HONG KONG and LOS ANGELES,
March 18 /PRNewswire-FirstCall/ -- Alpha Spacecom, Inc. (OTC:ASPC)
(BULLETIN BOARD: ASPC) , a China-based entertainment Company,
announced today that the holder of 9,555,555 shares of its
Convertible Preferred B shares (convertible to 860,000,000 common
shares) issued in connection with the Share Exchange Agreement of
December 9, 2001 have been voluntarily returned to the Company and
canceled. Further, Chairman Fung T. Sien said that the company has
accepted the resignation of Dennis H. Johnston, as VP and General
Counsel effective immediately. About Alpha Spacecom, Inc. Alpha
Spacecom, Inc. is a registered United States (Colorado) corporation
traded on the OTC Bulletin Board (OTC:ASPC) (BULLETIN BOARD: ASPC)
. Alpha Spacecom is engaged in the research and development of
technology and systems conversions related to the reconstruction
and digital conversion of movie theaters and multi-cinema complexes
and the satellite distribution of entertainment media (film,
theater, live music and sporting events) in China.
(http://www.alphaspacecom.com/). Except for historical information
contained herein, the matters set forth in this press release, such
as statements relating to the Company's ability to drive
technological developments and the acceptance and timing of
entertainment systems, conversion and programming introductions,
are forward-looking statements that are subject to risks and
uncertainties, including timely development and acceptance of new
systems technologies, theater conversions and satellite linked
communications. Contact: John Santoyo Vice President,
Communications 213-426-3206 213-426-3207 Los Angeles, California,
USA DATASOURCE: Alpha Spacecom, Inc. CONTACT: John Santoyo, Vice
President, Communications of Alpha Spacecom, Inc., +1-213-426-3206,
or +1-213-426-3207, Web site: http://www.alphaspacecom.com/
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