SCAN-GRAPHICS, CAPTIVE VENTURE CAPITAL MERGE
<Scan-Graphics Inc> said it has
completed a merger with <Captive Venture Capital Inc> in which
former shareholders of Scan-Graphics have beome majority
shareholders of the merged company and the Scan-Graphics board
has been named the board of the merged company.
    It said the merged company is now known as Scan-Graphics
Inc and expects to be listed on the NASDAQ system soon.
    It said Captive Venture issued 1,600,000 restricted
preferred shares convertible into 16 mln common shares for
Scan-Graphics.  Captive had 2,649,500 common shares outstanding
before the merger.
 Reuter
