HOLDER <HOLD.O> REORGANIZATION PLAN APPROVED
Holder Communications Corp said
stockholders approved its reorganization plan with the <General
Masonry Group> in Nashville, Tenn.
    The company said also approved was its name change to GMX
Communications Inc and an increase of authorized shares to 100
mln from 20 mln.
    Included in the reorganization, which is scheduled for
closing June 30, was the installation of a new sla e of five
directors.
    Holder said it owns eight radio stations and General
Masonry is engaged in masonry construction.
 Reuter
