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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote ()2/24/2000 11:47:00 AM
From: ErnestPoe   of 150070
 
ATCD big block buying coming in! Art Cards, Inc. Announces Letter of Intent to Acquire uMember.com


DENVER--(BUSINESS WIRE)--Feb. 1, 2000--Art Cards, Inc. (OTCBB:ATCD) today announced the signing of a letter of intent to acquire 100% of the outstanding common stock of uMember.com, Inc.

("uMember") for newly issued stock in Art Cards.

The proposed transaction is intended to qualify as a tax-free reorganization and is subject to the completion of a definitive agreement and the approval of the respective Boards of Directors and shareholders.

Art Cards, a Colorado corporation, has divested itself of its original business of designing, manufacturing, producing and marketing greeting cards. uMember.com, a California corporation, is introducing a one-stop online "mega-store" offering a wide range of brand name, competitively priced merchandise and services to credit unions, large corporate groups, professional association members and employees of existing large corporate relationships.

CONTACT:

Phoenix Alliance

Phil Huss, 970/259-7241

KEYWORD: COLORADO

BW0386 FEB 01,2000

9:25 PACIFIC

12:25 EASTERN
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