PRESS RELEASE:AFTER TRADING HOURS
biz.yahoo.com
Friday August 27, 4:41 pm Eastern Time
Company Press Release
Staruni Corporation Acquires Stake in Auction Software
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--August 27, 1999--Staruni Corporation (OTC BB:SRUN) announced today that it and Image-Photo Systems (OTC BB:FTGDD) will acquire a significant interest in each other's companies, as a first step in a strategic alliance to expand their interests in e-commerce.
Image recently announced that it had negotiated an agreement to purchase worldwide rights to Internet Auction Software and Internet Ad Management System Software, which is proprietary. As part of that agreement Image-Photo will change its name to E-bidd.com. The site, banner-auctions.com, will allow companies to auction off Internet banner advertising, as well as other types of media. This site will be operational in approximately one month.
This will give Staruni instant market share in a very lucrative industry as well as ownership in Image-Photo Systems.
Southern California-based Staruni Corp. provides Internet access and e-commerce solutions to both individual and business users. SRUN recently announced a joint venture with a Canadian ISP, Unitransact Business Solutions Inc. (OTC BB:UTNS). SRUN is aggressively expanding its customer base through acquisition of existing providers, as well as strategic alliances with e-commerce companies.
SRUN also recently acquired a 50% ownership in ``The Agent's Hotel Guide, Inc.' as part of a joint venture with AmeriResource Technologies, Inc. (OTC Bulletin Board: ARET - news). SRUN will be responsible for creating and maintaining the World Wide Web site.
``I feel that the combinations of the auction technology of Image-Photo, and the introduction into the Internet Travel Industry with ARET, as well as others, open up vast e-commerce possibilities for Staruni,' stated Bruce Stuart, President of SRUN. ``This is a very exciting time for Staruni Corp. We are on a fast track to achieve the goals we have set.'
The release may contain forward looking statements that involve risk and uncertainties, including, without limitation, continued acceptance of the Company products and service, increased levels of competition, new products and technological changes. The Company's dependency on financing third party suppliers and intellectual property rights and other risks detailed from time to time in the company's federal filings, annual report, offering, memorandums or prospectus.
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Contact:
Staruni Corporation
Bruce D. Stuart, President & CEO
Telephone: 310/358-2340
Fax: 310/358-2344
Website: www.cyberhotline.com and www.staruni.com
E-mail: webmaster@staruni.com
Previous Releases:
biz.yahoo.com
Tuesday August 24, 12:40 pm Eastern Time
Company Press Release
SOURCE: AmeriResource Technologies, Inc.
AmeriResource Technologies, Inc., Finalizes the Sale of 50% of The Agent's Hotel Guide, Inc., to STARUNI Corporation
OVERLAND PARK, Kan., Aug. 24 /PRNewswire/ -- Delmar Janovec, CEO of AmeriResource Technologies, Inc. (OTC Bulletin Board: ARET - news) announced today that the sale of 50% interest in The Agent's Hotel Guide, Inc., to STARUNI Corporation (OTC Bulletin Board: SRUN - news), has been completed effective August 23, 1999. ARET acquired 100% ownership of the guide from Global Datatel, Inc. (OTC Bulletin Board: GDIS - news) formally Gold Coast Resources, Inc. In recent years, the guide provided booking accommodations, and location information on more than 10,000 major hotels and resorts located throughout the United States, Canada, Mexico and the Caribbean.
AmeriResource will receive for the sale of 50% interest in The Agent's Hotel Guide, Inc., restricted stock that has a dollar value of $1,750,000. STARUNI will guarantee the price of the stock for a one year period. Under the terms of the sale, STARUNI will expand the business plan, provide additional capital and expertise to re-establish the Web-Site via the Internet.
STARUNI is a rapidly growing Internet Service Provider, with a customer base that exceeds 5,000 subscribers through their own website and their recently announced Join-Venture with a Canadian ISP, UniTransact Business Solutions Inc. The UNTS Joint-Venture has allowed STARUNI immediate penetration in the Canadian market. The company provides a wide array of Internet services that are tailored to meet the needs of individuals and small business. STARUNI is aggressively seeking expansion of their customer base through the acquisition of existing providers.
Mr. Janovec stated ``We are glad to close this business transaction with Bruce Stuart and STARUNI. Both Bruce and STARUNI have a vast amount of Internet experience that I feel will benefit ARET through this venture and the creation of additional profit centers. Their experience could be immediately felt by ARET's mortgage subsidiary, First Americans Mortgage Corp. (FAMC).' Janovec continued, ``FAMC is on the cutting edge of mortgage product development for Native American home buyers. Through its relationships with national mortgage providers like PMI Mortgage, Washington Mutual, Inc. and Freddie Mac the company has developed a strong following in the Native American community. FAMC is continually exploring avenues for broadening their product menu to include consumer loan products for both Native American and non-Native American consumers. I am confident that the most profitable and expedient manner to achieve a delivery system for all our loan products is through investment in state-of-the-art technology.'
The release may contain forward looking statements that involve risk and uncertainties, including, without limitation, continued acceptance of the Company products an service, increased levels of competition, new products and technological changes. The Company's dependency on financing third party suppliers and intellectual property rights and other risks detailed from time to time in the company's federal filings, annual report, offering, memorandums or prospectus
$$$ Exciting things happening $$$
Regards,
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