Pali Technology Corp, Newport Beach, California has signed a non binding letter of intent to buy all issued and outstanding shares of Data-Tel Video-Text Inc, formerly MSM Leasing Corp, in Costa Mesa: the target plans to provide the communications link between viewdata information providers and users, using a specially developed telephone terminal at the user […]
Pali Technology Corp, Newport Beach, California has signed a non binding letter of intent to buy all issued and outstanding shares of Data-Tel Video-Text Inc, formerly MSM Leasing Corp, in Costa Mesa: the target plans to provide the communications link between viewdata information providers and users, using a specially developed telephone terminal at the user end, and to offer centralised billing and funds collection through its system; under terms of the letter, Pali will exchange 25m shares of its restricted common in exchange for all the Data-Tel shares out.
