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Engin Yesil Florida
Engin Yesil Florida
Ntera Merges with WQN
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 31, 2004 --
The merger agreement calls for the combined company's board to be composed of WorldQuest's four current directors and three new directors named by Ntera.
Ntera's controlling stockholder and Chief Executive Engin Yesil agreed not to exercise his voting rights to alter the composition of the WorldQuest board until the 2005 annual stockholders meeting.
Engin Yesil, who will control about 54% of the combined company's outstanding shares, will serve as President, Business Development, of the combined company, but won't sit on the board. Victor E. Grijalva will remain WorldQuest's vice president and chief financial officer after completion of the merger.

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