Exhibit 99
Press Release
Strategia Corporation Announces Distribution, Plan to Dissolve
October 6, 2000-Louisville, KY - Strategia Corporation (AMEX:SAA)
today announced that the company has declared a cash distribution
of $1.95 per share of common stock to holders of record as of
October 20, 2000. The distribution will be payable on October
27, 2000.
This distribution is the first step in a plan to dissolve the
company. The dissolution has been approved by the Board of
Directors and will be submitted to a vote of the shareholders.
The company believes that the distribution will leave the company
with sufficient funds to wind down the company. If there are any
amounts remaining afterward, they will also be distributed to the
shareholders.
Because the company will be left with almost no net worth after
the $1.95 per share distribution, the company will withdraw its
appeal from the delisting procedure at the American Stock
Exchange. It is anticipated that the delisting will be effective
on or prior to October 20, 2000. Promptly after the delisting,
the company anticipates making appropriate filings with the SEC
to discontinue its registration and future filing obligations.
Contact: Murdock Capital Partners Corp.
(212) 421-2545
Thomas M. Dean
Luis J. Mejia
