PARALAX VIDEO <VIDO> TO BUY AMERICAN VIDEO Paralax Video Enterprises Inc said it signed a definitive agreement to buy <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.