Sept 3 (Reuters) - Bt Brands Inc ( BTBD ):
* BT BRANDS AND AERO VELOCITY ANNOUNCE EXECUTION OF
DEFINITIVE
MERGER AGREEMENT
* BT BRANDS INC ( BTBD ) - AERO VELOCITY TO OWN 89% OF COMBINED
COMPANY
* BT BRANDS INC ( BTBD ) - EQUITY INVESTMENT OF $3 MILLION-$5 MILLION
IN
COMBINED COMPANY
* BT BRANDS INC ( BTBD ) - COMBINED COMPANY TO BE RENAMED AERO
VELOCITY
INC.
* BT BRANDS INC ( BTBD ): UNDER DEAL, SUBSIDIARY OF BT BRANDS WILL
MERGE
WITH AND INTO AERO VELOCITY
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