PARALAX VIDEO &lt;VIDO> TO BUY AMERICAN VIDEO

  Paralax Video Enterprises Inc said it
  signed a definitive agreement to buy &lt;American Video Group Inc>
  for stock.
      According to the merger proposal, American Video
  shareholders will receive about 287,700 restricted Paralax
  shares, and warrants to buy another 318,600 restricted shares
  at six dlrs a share. The warrants run for three years.
      In addition, it said holders of American Video convertible
  debentures agreed to exchange their holdings for about 380,000
  dlrs worth of Paralax stock.
      American Video operates stores in U.S. military bases.
  

