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[QUOTE]Originally posted by keithsan: [QB] December 11, 2003/Clearwater, FL/Bidville, Inc. (OTCBB: AREP), f/k/a American Recreational Enterprises, Inc., announced today it has finalized its Share Exchange Agreement with No Bidding, Inc., a New Jersey corporation (d/b/a Bidville) with No Bidding, Inc. shareholder approval. The transaction completes the acquisition of 100% of the outstanding shares of No Bidding, Inc. The Company is now fully reporting and compliant with all state and federal securities regulations and laws. The transaction requires all officers and directors of the public company to resign. It provides for the appointment of the existing Bidville management team to their appropriate positions in the new company. No Bidding, Inc. will receive 20,000,000 shares for its interest in the company, representing 100% of all of the outstanding stock of No Bidding, thereby taking control of the trading company. Gerald C. Parker, Michael Palandro, Robert W. Pearce, C. John Dewey and Edward Orlando were elected to serve on the Board of Directors of the Company (the "Board"). The Board subsequently appointed Gerald C. Parker as Chairman of the Board; Michael Palandro as President and Chief Executive Officer; and Robert W. Pearce as Secretary and Treasurer. [/QB][/QUOTE]
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