Anything Internet (ANYI)Announces the Results of Share Exchange Offer
Participation Exceeded Management's Estimates
Friday January 14, 5:59 am Eastern Time
Company Press Release
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--January 14, 2000-- Anything Internet Corporation (OTCBB: ANYI - news) announces that it has compiled the results of the Share Exchange Offer previously announced on October 21, 1999, and closed on December 15, 1999. More than half of the Common Stock shareholders participated, representing over 45% of the issued and outstanding shares. The Company now has 864,106 shares of Convertible Class A Preferred Stock issued and outstanding as a result of the conversion program. The shares of Preferred Stock are restricted and cannot be traded or converted for a minimum of one-year.
Dr. William Kroske, Anything Internet's President and CEO, stated: ``I am extremely pleased with the level of participation and support from our shareholders. Participation in the Exchange Offer exceeded our highest expectations. Moreover, the Exchange Offer was a success because it allowed all shareholders, from our smallest to our largest, to maximize their participation in the future success of our Company. With so few shares now in the public float, our Company should become much more attractive to outside investors and institutions. In a few days we will be unveiling our new web site and marketing program, a culmination of the past quarter's work and commitment by our exceptional team of dedicated employees.'
Anything Internet Corporation, headquartered in Colorado Springs, Colorado, with a business-to-business sales and support office in Tampa, Florida, is a publicly held Internet e-commerce holding company. Anything Internet's e-commerce enabling technologies provide its customers with exceptional product choices, superior pricing and delivery options, and easy-to-use search and purchase capabilities.
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Anything Internet Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planed capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Anything Internet Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. For a description of additional risks and uncertainties, plea se refer to Anything Internet's filings with the Securities and Exchange Commission.
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Contact:
Anything Internet Investor Relations
Al Delisle, 813/281-1164 Ext. 100
E-Mail: adelisle@anythingpc.com |
