. . . Innovating the 3rd planet.      

Investors Investors.htmlshapeimage_1_link_0
NewsNews.htmlshapeimage_2_link_0
AlumniAlumni.htmlshapeimage_3_link_0
PortfolioPortfolio.htmlshapeimage_4_link_0
CompanyCompany.htmlshapeimage_5_link_0
 

☚ Back to Press Release Library

InAmerica Cancels Acquisition of Economy Plumbing Supply


Phoenix, AZ  -  April 2, 1997 - InAmerica Corporation (NASDAQ BB: INAO), a turnaround specialty firm, announced today that it has canceled the acquisition of Economy Plumbing, Supply, Inc., a privately-held plumbing distribution company in Arizona.Based upon a last minute higher bid from a third party, the parties mutually agreed to cancel the acquisition by InAmerica.


InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed.  The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.


Press Contacts:

C. Gus Cristo,

CEO

InAmerica

  1. (918)622-3300


Matthew R. Gould,

President & COO

InAmerica

(972) 239-9282