EASY PICKINS FOND OF WILLYWIZARDS NETOY STOCK PROMOTION:
"We have great confidence in the space that Netoy operates within. We believe that there is room in this space for new and innovative ideas to streamline these operations into completely seamless transactions through the correct implementation of B2B applications", said Michael Pickens, Senior Managing Director of Vertical Capital"
"Both Pickens and his associates have been involved with several Wall Street firms that have directly provided their services to major industry investors including Carl Icahn, Gordon Getty, H. Ross Perot, and T. Boone Pickens. Vertical Capital provides venture capital to emerging public and private companies that are involved in Technology and the Internet."
Netoy.com Gets Capital Infusion
Business Wire, Sept 6, 2000
LARGO, Fla.--(BUSINESS WIRE)--Sept. 6, 2000
Netoy.com Corporation (OTC:NTOY) announced today that Vertical Capital, LLC a Dallas, Texas based venture capital firm has made a significant private equity investment in Netoy.
Netoy, is an established Internet toy retailer and software developer. Netoy's wholly owned subsidiary, 2Animate Corporation develops easy to use animated assembly instructions for various products that require assembly by the purchaser. These animated products are thin enough to be portable over the Internet while retaining a high level of detail and image resolution which makes it a superior alternative to printed assembly instructions. 2Animate's solution takes advantage of a unique synthesis of vector-based graphics combined with a production process that revolutionizes turnaround time for complex animations.
"We have great confidence in the space that Netoy operates within. We believe that there is room in this space for new and innovative ideas to streamline these operations into completely seamless transactions through the correct implementation of B2B applications", said Michael Pickens, Senior Managing Director of Vertical Capital. "We have taken a large enough equity position in Netoy to be a major voting influence upon the future operations of Netoy. Our plan is to work with the recently restructured management group of the company to meet certain strategic goals in this exciting space. Vertical Capital is not nor has never been a passive investor. We have always been able to bring substantial tangible and intangible assets to the table and we strongly believe that Netoy will make the most of our abilities."
According to Gilbert Serrano, CEO and President of Netoy, "Michael Pickens and Vertical Capital have an excellent industry and institutional reputation, both in the United States and abroad, and we are fortunate to have developed this affiliation. With Vertical Capital, Netoy will receive the skilled support and recognition it deserves from a significant force in the global financial community."
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Both Pickens and his associates have been involved with several Wall Street firms that have directly provided their services to major industry investors including Carl Icahn, Gordon Getty, H. Ross Perot, and T. Boone Pickens. Vertical Capital provides venture capital to emerging public and private companies that are involved in Technology and the Internet.
Statements contained in this release which are not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
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