Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Entertainment Arts Research, Inc. Announces It Has Reached an Agreement with Explain My Surgery, Inc.

Posted : Mon, 09 Nov 2009 18:56:05 GMT
Author : Entertainment Arts Research, Inc. (“EARI”)
Category : Press Release
News Alerts by Email ( click here )
News | Home
ATLANTA - (Business Wire) Entertainment Arts Research, Inc. (“EARI”) today announced that it has reached an agreement with Explain My Surgery, Inc (“Explain My Surgery”). The effective date of the agreement is no sooner than January 4, 2010 and no later than March 31, 2010. The agreement, as explained below, will be administered and all funds handled by EARI’s counsel acting as an escrow agent. Some of the major terms of the agreement are:

1. EARI will issue 20,000,000 shares of its Preferred “B” to Explain My Surgery in exchange for certain property of Explain My Surgery.
 
2. 2,000,000 common shares of EARI currently held by Explain My Surgery will be handled, as follows:
 
  A. 300,000 shares will be distributed to the Explain My Surgery shareholders of record as of November 6, 2009 on a pro rata basis.
 
B. 1,700,000 shares will be cancelled and returned to EARI treasury. It is anticipated that these shares will be later sold and the proceeds used for the development and expenses of operating the new assets of Explain My Surgery.
 
C. The operations and development of Explain My Surgery business will begin immediately upon the closing of the transaction and the release of the operating funds by the escrow agent.
 
3. EARI intends to contact a FINRA market maker to establish a public trading market for the Preferred Class “B” shares. EARI can provide no assurance, however, that a trading market will develop in the Preferred Class “B” shares.
 
4. In the event that EARI is sold, merged, or otherwise acquired by another entity, the Preferred “B” shareholders will be entitled only to a value for their shares equal to 40% of the value of Explain My Surgery as determined by the calculation of the sale, merger, or acquisition by another entity.

Entertainment Arts expects to achieve results equal to or better than originally reported by Explain My Surgery, Inc. in its prior press releases.

Entertainment Arts Research, Inc.
Renee Graham, 216-674-5425
fax: 404-393-0586


Copyright © 2008 Business Wire. All rights reserved.
Share/Save/Bookmark

Article : Entertainment Arts Research, Inc. Announces It Has Reached an Agreement with Explain My Surgery, Inc.
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Generac® Industrial Power, Fiat Powertrain Technologies Announce Strategic Partnership for Diesel Engines Supply
WAUKESHA, Wis. - Generac® Power Systems, Inc., a leading

F3 Technologies Saves Businesses Money Through Virtual Community Management
ATLANTA, GA -- 11/25/09 -- The HOA community has something in common with the rest of the business world. It has a need to cut costs and work within a confined budget. Within this economy, many businesses are looking to utilize combined resources i..

Monster.com, NFL Name 32 Finalists to Find the Next “Director of Fandemonium”
MAYNARD, Mass. - Monster.com®, the leading global online career and recruitment res

Community Bankers Trust Corporation Announces Retirement of George Elliott from Board of Directors
GLEN ALLEN, Va. - Community Bankers Trust Corporation, the holding company for Essex Bank (the “Company”) (NYSE Amex: BTC), announced today that George B. Elliott will retire from the Company’s Board of Directors effective December 31, 2009. Mr. Elliott has been a director

EuroPapi Seeks To Sponsor Young Up-And-Coming Amateur Pilot To Beat Valentino Rossi In MotoGP
The EuroPapi clothing line is an infusion of Scooters, Skating, Surfing & Motorcycle Culture all in one. The company hopes to use online marketing, radio, television and news to assist them in their quest to sponsor an up-and-coming EuroPapi pilot/I/P PJerez De La Frontera, Spain (...

Edmunds.com Comments on Toyota Recall of Accelerator Pedal
SANTA MONICA, Calif. -

SIRIOS Resources Inc. and Dios Exploration Inc./PONTAX-LITHIUM: Up to 0,97% Li2O Over 21 M Intersected by Diamond Drilling and 1,03% Li2O Over 19 m in Channel Sampling
MONTREAL, QUEBEC -- 11/25/09 -- Officers of SIRIOS RESOURCES INC. (TSX VENTURE: SOI) and DIOS EXPLORATION INC. (TSX VENTURE: DOS) are pleased to announce the results from diamond drilling and channel sampling from the PONTAX - LITHIUM property in J..

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.