Inc. Announces Sale Process for CashWars.com and Related
AMHERST, MA - June 4, 2001 - CashWars, Inc, an online
company, announced plans today for the sale of Cashwars.com
related assets. The following bidding process has been
Interested parties should contact firstname.lastname@example.org
for more information.
Preemptory Bids: Interested parties may make preemptory bids
to noon EST June 11. If a sufficiently attractive offer is
will immediately enter into negotiations with that party. No
preemptory bids will be considered and plans for a full
process will be canceled. If no bid is deemed sufficiently
stop the auction, we will enter into the first round of
Round One: The highest bid received will establish the floor
next round of bidding. The highest bidder in round one will
right to outbid the other parties in round two.
Round Two: All parties will be given a chance to make a second
After all the bids are submitted the highest bidder from the
round will have one final chance to outbid the other parties.
other parties will have no recourse if they are outbid at this
We have tentatively decided on the following schedule.
June 11 Noon EST: Last possible date for preemptory bids.
this is the final deadline if no earlier preemptory bids have
accepted. Serious parties should submit preemptory bids as
possible to protect their interests.
June 14 Noon EST: First bids due. Bids should be in the form
non-binding Letter of Intent that includes both the amount and
June 18 Noon EST: Second bids due.
June 19 Noon EST: Final bid from the highest bidder from round
CashWars, Inc is a Delaware Corporation based in Amherst, MA.
over 340,000 registered members, CashWars.com is an addictive
game where users can steal real money from other users, ally
friends, build an empire and win prizes. Every day
3,500,000 moves are made in the battle for riches. Signing up
special offers allows users and teams to advance faster in the