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10A Action 2013 0617
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10A Action 2013 0617
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Last modified
6/26/2013 5:07:20 PM
Creation date
6/12/2013 4:08:19 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/17/2013
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_CC Agenda 2013 0617 CS+RGAmended
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Path:
\City Clerk\City Council\Agenda Packets\2013\Packet 2013 0617
Reso 2013-089
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Path:
\City Clerk\City Council\Resolutions\2013
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Qualifications AVI<&-SPL* <br />Tampa - Rental <br />6206 Benjamin Road <br />Suite 310 <br />Tampa, FL 33634 <br />Phone (813) 884-7168 <br />Toil Free (800) 282-6733 <br />Fax (813) 889-7619 <br />United Kingdom <br />Unit 12 Armstrong Mall <br />Southwood Business Park <br />Farnborough GU14 ONR <br />Washington, DC <br />9701 Philadelphia Ct. <br />Suite J <br />Lanham, MD 20706 <br />Phone (301) 306-0120 <br />Toll Free (877) 373-6848 <br />Fax (301) 306-7540 <br />4.1.6. <br />In April 2008, Audio Visual Innovations, Inc. and Signal Perfection, Ltd. combined their respective businesses to <br />form the consolidated business we call "AVI-SPL." For all practical purposes, we market and manage the combined <br />businesses and their products and services as a single company. Our customers are given the benefit of the <br />capacities, people, expertise, experience and products of the combined company, and the combined company <br />shares the same management, insurance and bonding arrangements. However, as is often the case, our legal <br />structure is a little more detailed. Below is a brief explanation of our legal structure and why we continue to enter <br />into contracts with via the separate AVI and SPL entities. <br />From a legal perspective, the combination of AVI and SPL was accomplished through the following general steps: <br />• first, a new holding company known as AVI-SPL, Inc. was formed; <br />• second, AVI-SPL, Inc. (the new holding company) purchased 100% of the ownership interests of Signal <br />Perfection, Inc.; and <br />• third, AVI-SPL, Inc. (the new holding company) purchased 100% of the ownership interests of Audio Visual <br />Innovations. <br />As a result, the current legal structure is that AVI-SPL, Inc. is a holding company that is the 100% owner and parent <br />company of AVI and SPL, and AVI and SPL continue to be valid, legally existing entities. <br />As a holding company, AVI-SPL, Inc. has no separate business or operations - other than the ownership of AVI and <br />SPL. Rather, from a legal perspective, AVI continues to own its assets and business operations, and SPL also <br />continues to own its assets and businesses. However, as noted above, both companies are under the same <br />AVI-SPL 2012 Page| 15
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