	video juke o to buy president s shares video jukebox network inc said it signed a letter of intent to purchase up to mln shares of the four mln shares of the company s common stock from its founder and president steven peters video said the shares are to be purchased by louis wolfson iii senior vice president of venture w inc national brands inc j patrick michaels jr and cea investors partnership ii video said it currently has shares of common stock outstanding the company said it went public earlier this year and its current ask price was cea investors partnership ii has planned the partnership to be operated by michaels who is chairman and president of communications equity associates inc a media brokerage firm video said the terms of the proposed transaction were not disclosed video said peters will continue as chairman and president of the company it said the parties have until june to agree to all terms of the letter of intent reuter 
