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"Converse Inc (OTCBB:CVEO) today announced that it has not completed the previously announced proposed financing transaction with Euro American Investment Corp. Euro American&amp;#39;s commitment expired on September 30, 2000. The transaction was subject to the approval of Converse&amp;#39;s senior lenders. Euro American was prepared to proceed on the terms outlined, but the necessary approvals were not obtained. Discussions with financing sources are expected to continue. Converse is a global designer, manufacturer and marketer of high quality athletic footwear for men, women and children. The company is also a global licensor of sports apparel, accessories and selected footwear. The company&amp;#39;s products are distributed worldwide in over 90 countries through specialty retail, sporting goods, department and shoe stores."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.just-style.com/news/converse-announces-financing-status_id77983.aspx>