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Business & Finance
MedCom USA shareholders to receive shares in new subsidiary Card Activation Technologies
December 24th, 2006
MedCom USA, Inc. (EMED) announced that company shareholders of record will be issued shares in its new subsidiary, Card Activation Technologies Inc. As previously announced in September, MedCom USA is going to issue one share of the new company stock for every share held in MedCom USA stock. Card Activation Technologies, Inc. is incorporated in Delaware and will focus on the licensing of the proprietary patented payment transaction technology, which MedCom USA, Inc. intends to spin off the payment transaction technology into a separate publicly traded company. MedCom USA will retain substantial shares in the new company, which was previously...
Source: Medical Devices & Surgical Technology Week (2006-12-24)
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