Company Obtains Right to Acquire Internet Based Technology With Travel Portal
VANCOUVER, British Columbia, Mar 24, 2000 /PRNewswire via COMTEX/ -- Wolf
Industries Inc. (OTC Bulletin Board: WLFN) announces that it has entered into an
assignment agreement with a private company, Eastview Capital Inc. for the right
to acquire all the issued and outstanding shares of Interactive Travel Systems
Media Group Inc. ("ITS") and its internet portal, Travelport.com. ITS is a
private internet e-commerce technology and content development company
specializing in the travel and hospitality industry. Completion of the
acquisition of ITS will be subject to funding and performance of due diligence
by both parties.
The Company has agreed to a private placement in the amount of 1,500,000
restricted common shares to be issued at $0.50 per share to raise a total of
$750,000, as to $500,000 pursuant to the requirements for the acquisition, and
$250,000 for working capital.
For Further Information, Call David Smith at 800-545-7214 toll free, or Email:
invest@uniserve.com .
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made by
Wolf Industries Inc.) contains statements that are forward-looking, such a
statements related to the future anticipated direction of the Internet industry,
plans for future expansion, various business development activities, planned
capital expenditures, future funding resources, anticipated sales growth and
potential contracts. These forward-looking statements are subject to a number of
known and unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated.
SOURCE Wolf Industries, Inc.
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