CityXpress Corp.: News Release
08 February 2011 - 11:16AM
Marketwired
CityXpress Corp. (PINK SHEETS: CYXP) is pleased to announce that
David Roff has agreed to acquire control of the Company by way of
the purchase of 61,684,182 shares of the Company's 86,468,459
outstanding shares from five sellers, being Phil Dubois, Ken
Bradley, Vasile Orhei, Roger Kong and Michael Togyi (the "Change of
Control").
The Change of Control will also involve the resignation of the
current directors and officers and the appointment of David Roff as
the sole director and the sole officer holding the positions of
President, Chief Executive Office, Chief Financial Officer,
Secretary and Chief Operating Officer.
The Change of Control is subject to the British Columbia
Securities Commission issuing an order partially revoking the
existing cease trade order which was issued by the Commission on
May 14, 2009 and varied on June 10, 2009. If the Commission does
partially revoke the cease trade order in order to allow the Change
of Control, the cease trade order will otherwise remain in force
until the Company has filed all outstanding continuous disclosure
documents and it has then obtained a further order from the
Commission revoking the cease trade order.
BY ORDER OF THE BOARD,
Phil Dubois, President & CEO
Contacts: CityXpress Corp. Phil Dubois 604-638-3800x302
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