Form 8806 Vitel Corporation
|
Name and address of the reporting corporation: |
Vitel Corporation |
|
Date of transaction: |
1-5-05 |
|
Description of shares affected by the transaction: |
Purchased 100% of stock solely with cash. |
|
Amount of cash received by the reporting corporation's shareholders in exchange for their stock: |
$4,000,000 |
|
Fair market value of property, other than stock, received by the reporting corporation's shareholders: |
|
|
Fair market value of stock received by the reporting corporation's shareholders in exchange for their stock in the reporting corporation, for which the reporting corporation has reasonably determined that its shareholders would be required to recognize gain (if any). |
|
