Company Press Release
REPEAT/Integrated Healthcare Takes Next Step in
Corporate Closure
LOS ANGELES--(BUSINESS WIRE)--March 15, 1999--The Board of Directors Monday
announced the next step in corporate closure of Integrated Healthcare Inc. (''ITHC'')(OTC BB:ITHC - news).
Previously, ITHC had attempted to merge with Access TradeOne.com (www.accesstradeone.com), a private company.
At no time was the management of ITHC able to deliver all of the required indemnifications to the management of
Access TradeOne.com. The lack of the required documents terminated the merger on two separate occasions.
Still, Access TradeOne.com and the management of ITHC worked together to build a Beta Test Site previously located
at Access TradeOne.com's current Web site. In exchange for the management services rendered, Access TradeOne.com
has offered, in contract, up to 1,400,000 shares of common stock, which will have Individual Demand Registration
Rights attached.
Integrated Healthcare under a Section 1031 of the IRS Tax Code will make these shares available to its shareholders on
a 50 for 1 swap. What this means is that for every 50 shares of ITHC shareholders tender to the company, they can
receive 1 share of Access TradeOne.com in return.
The first available day for the Section 1031 Exchange will be April 23, 1999. There will be a form and letter of
instruction mailed directly to all shareholders prior to this date by Integrated Healthcare. Shareholders who do not
receive these documents by mail will be able to download them via the Internet.
Access TradeOne.com is a development-stage private company, which is building what the company believes to be the
largest single Internet site for worldwide stock exchanges. The company will provide both real-time and detailed-delay
type quotes for virtually every exchange in the world.
The company believes by ''giving away'' worldwide stock, bond, futures and commodities quotation, worldwide
live-feed news services and market-trading software, it will be able to attract clients who are interested in trading
stocks globally in both a discount service and day-trading forum.
The company will make its profit form the following cash streams:
-- Payment for Order Flow: The company will sell trading-order flow
to a single brokerage firm in each region that is then executed
through the site. Also, the company will sell the day-trading
activity generated from its site-to-floor or desk traders in that
specific region, probably on a per-share basis.
-- Web site Design and Quotation Service: There are numerous niche
stock exchanges in the world that are not automated on the Web or
in anything more than a local signal. The company plans on
building out these sites for free in exchange for the exclusive
right to the disbursement of the quotation service for a period
of time.
The company's goal is to build this site in compliance with WebTV protocol along with the average desktop computer,
thus allowing the average day trader to have a remote trading station in his home or office instead of day-trading from a
brokerage firm's physical location.
The company sees this sector as the fastest growing sector in the financial marketplace. The average investor would be
able to day trade from his home for the average equipment cost of less than $200.00 initial setup and approximately
$35.00 per month in connection fees. The company knows of no other company in the field that will offer individual day
traders remote access on a worldwide 24-hour basis.
All statements in this news release are ''forward-looking'' statements within the meaning of Section 21E of the U.S.
Securities Exchange Act of 1934. Such ''forward-looking'' statements involve risks, uncertainties and other factors that
may cause actual results to be materially different.
Contact:
The Law Offices of Joseph L. Pittera
Joseph L. Pittera, 310/328-3588
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