Inc. With the ending of the health related business segment in March 1995, THI, EVRO and the President of EVRO Trading triggered a dispute between them. To settle the dispute, EVRO Trading President was given 55% ownership of EVRO Trading, while EVRO would continue to own 45% with no other obligation and a THI note for the EVRO Trading President's amount due secured by the 45% remaining EVRO interest in EVRO Trading. THI defaulted on the note April 3, 1995, giving the remaining ownership of EVRO Trading to its president. EVRO and The Stellar Companies Inc. agreed in January 1995 for EVRO to acquire The Sports & Shopping Network Inc. ("TSSN") from Stellar with Stellar shareholders receiving a controlling share of EVRO stock. EVRO agreed in April 1995 to purchase with stock the America's Collectibles Network Inc. and merge the network with the TSSN. The deal to purchase ACN fell through due to SEC reporting concerns. On September 18, 1995, EVRO of Kissimmee, Florida acquired a 51% interest in the Channel America Network, with the option to buy the remaining 49%. In June 1996, EVRO indicated plans to move Channel America and its other television operations to Glendale Studios, Glendale. In October 1996, EVRO shareholders voted to changes its name to Channel America Broadcasting, Inc. and increase the number of common and preferred shares authorized. Following the shareholder's annual meeting, the Board of Directors voted to change CA to a home shopping format temporarily. The network went off the air in 1996 and the parent company was delisted from the NASDAQ later that year due to "insufficient capital and surplus," with the share value dropping from a high of $2.50 to 7 cents. In March 1997, Channel America Broadcasting and LDE Media Techniqs, Morton Downey Jr.'s company, agreed to merge. Downey planned to launch a news magazine on the Channel called Boyz Night Out. References See also America One American Independent Network Urban America Television ION Television Defunct television networks in the United States Television channels and stations established in 1987 Television channels and stations disestablished in 1995