Magnum Communications Corporation 1970

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magcomcor
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Beautifully engraved certificate from the Magnum Communications Corporation issued in 1970. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of the company's logo. This item has the printed signatures of the Company's President and Secretary and is over 31 years old. Magnum Communications Corp was incorporated in Delaware in 1969 and changed its name to Vacation Ownership Marketing, Inc. in 1980. Coinciding with the name change the Company changed its business to the development and marketing of time-shared condominiums which it continued until 1983. During that year, the Company experienced financial difficulties and encountered adverse litigation. The Company's charter expired until May 7, 2000, when a certificate of renewal was issued. It is management's plan to start a new business or seek a business combination. The Company generated no revenues during the quarter ended November 30, 2000, and management does not anticipate any revenues until following the conclusion of a merger or acquisition, if any, as contemplated by the Company's business plan. The Company's capital is limited. The Company anticipates operational costs will be limited until such time as significant evaluation work is undertaken regarding prospective mergers or acquisitions.