Pompano Beach, Florida (PRWEB) August 29, 2004
Frank Crivello, Managing Member and David Marks, Member, Crivello Group, LLC, http://www.crivello.com, are the principals of Santa Clara Partners, LLC ("SCP"). CTI Technology, Inc. and CAI Acquisition Company, Inc. ("CTI"), public companies filed for Chapter 11 of United States Bankruptcy Court, District of Massachusetts, Western Division. As provided by 11 U.S.C. sec. 1107(a), CTI, the Debtor-in-Possession, contacted prospective buyers and strategic partners, including SCP, regarding the sale of its assets and reorganization of its businesses.
Today, SPC announced that it successfully reorganized CTI pursuant to the First Amended Joint Plan of Reorganization of CTI ("the Plan") and the Order Confirming Debtor's and Creditors' Committee First Amended Joint Plan of Reorganization ("the Order"). On January 29, 2003, the Honorable Henry J. Boroff, United States Bankruptcy Court, District of Massachusetts, Western Division, executed the Order.
Frank Crivello, David Marks and SCP were represented by Leonard G. Leverson, Kravit, Gass & Weber, S.C., http://www.kravitlaw.com in connection with the First Amended Joint Plan of Reorganization of CTI.
About Dover Holding Corporation http://www.doverholding.com:
Dover is a developmental stage company with no active operations.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Dover could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in Dover's operations or business.
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