News:
December 29, 1998 17:41
Millionaire.Com Makes Announcement
BLUFFTON, S.C.--(BUSINESS WIRE)--Dec. 29, 1998--Millionaire.Com, a Nevada corporation, approved for trading on the NASD Electronic Bulletin Board, (trading symbol "MLRE"), Tuesday announced that it is completing up to a $4.5 million funding.
The company announced that in order to accomplish its business plan and to pursue the acquisitions which were available to it, the company needed additional funding.
On or about Dec. 16-17, 1998, when the company's stock opened for trading, the company received a commitment from certain funding sources to provide the company up to $4.5 million dollars in funding prior to Dec. 31, 1998, through the purchase of restricted shares of the company's common stock at $2.50 per share.
This stock must be held for at least one year and has no registration rights. This price was a substantial appreciation over the company's offering price of a $1.00 per share, which is the price at which the company sold 1 million shares of stock at closing on Dec. 15, 1998.
The company accepted this commitment because of its need for capital and the speed with which this capital was being provided. The company believes that it will have received a majority of this funding by Dec. 31st, which will substantially enhance the company's ability to move forward with its business plan.
Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
CONTACT: Millionaire.Com Investor/Media Relations:
Fortune Marketing & Capital Consultants Inc.
P.O. Box 520310
Longwood, FL 32752
407/696-2221
email: editor@smallcapjournal.com
www.smallcapjournal.com
CONTACT: Millionaire.Com
Fortune Marketing & Capital Consultants Inc.,
Investor/Media Relations, 407/696-2221
email: editor@smallcapjournal.com
www.smallcapjournal.com
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