U S PAWN INC
8-K, EX-20.1, 2001-01-16
MISCELLANEOUS RETAIL
Previous: U S PAWN INC, 8-K, 2001-01-16
Next: U S PAWN INC, DEFA14A, 2001-01-16



<PAGE>

FOR IMMEDIATE RELEASE
January 16, 2001

                   U.S. PAWN SHAREHOLDERS APPROVE PROPOSALS



     Westminster, Colorado. U.S. Pawn, Inc. (the "Company") (Nasdaq: USPN)
announced today that its stockholders approved the sale of substantially all of
its assets to Pawn-One, Inc. and the merger of the Company with U.S. Remodelers,
Inc. Additionally, the Company's stockholders (i) approved the reincorporation
of the Company in Delaware and changing its name to U.S. Home Systems, Inc.;
(ii) elected five new directors; and (iii) approved a new stock option plan.

     With respect to the one share for three shares reverse stock split
proposal, the Company adjourned the meeting to February 7, 2001 in order to
consider increasing the reverse stock split up to a maximum of one share for 4.2
shares in order to meet Nasdaq requirements as to the Company's stock price
following its new Nasdaq application.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission