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Health Express USA Enters Into a Share Exchange Agreement Tuesday June 21, 11:25 am ET
DEERFIELD BEACH, Fla., June 21 /PRNewswire-FirstCall/ -- Health Express USA, Inc. (OTC Bulletin Board: HEXS - News), a Florida corporation ("Health Express" or the "Company"), entered into a Share Exchange Agreement, dated June 17, 2005, by and among the Company CSI Business Finance, Inc., a Texas corporation ("CSI"), and the shareholders of CSI (the "CSI Shareholders"). Pursuant to the Share Exchange Agreement, the CSI Shareholders exchanged with, and delivered to, the Company the issued and outstanding common stock of CSI in exchange for 100,000 shares of Series A Convertible Preferred Stock, par value $0.01 per share, of the Company (the "Health Express Series A Preferred Stock"). Each share of the Health Express Series A Preferred Stock is convertible into 19,500 shares of common stock of the Company. The Shareholders transferred and exchanged the CSI Common Stock for the Health Express Series A Preferred Stock so that effectively after the conversion of the preferred stock, shares of common stock issued upon conversion of the preferred stock shall equal Ninety-Seven and One Half percent (97.5%) of the issued and outstanding shares of common stock of Health Express. As a result of the Share Exchange Agreement, CSI will become a wholly owned subsidiary of the Company. Please contact the company for further information,
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