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March 08, 2000 13:28
International Internet Ventures I LLC Acquires Equity Interest In Reconversion Technologies, Inc.
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BOCA RATON, Fla.--(BUSINESS WIRE)--March 8, 2000-International Internet, Inc. (OTC:IINN) announced today that International Internet Ventures I LLC, a wholly owned subsidiary of International Internet, Inc. has acquired an equity interest in Reconversion Technologies, Inc. (OTC:RTTK). Reconversion Technologies, Inc. has entered into a letter of intent to acquire eStorefronts.net, Corp. eStorefronts.net is a frontrunner in International e-commerce with commerce processing in home currency language. eStorefronts.net is the source for global solutions customized by country. All storefronts are custom developed and powered by the highest-end performance and security products available for the web today. eStorefronts.net is backed by Logisoft Corp., a technology leader that has been providing innovative solutions for over a decade.
eStorefronts.net is partnered with Visa & MasterCard, Cybercash and Verisign. Current clients of eStorefronts.net include Sentry Online Store sentry-grp.com - safe seller online; Dunlop Gear dunlopgear.com - online store built for the worlds largest motorcycle tire company; Chase Pitkin chasepitkin.com - online garden retailer; The Training Resource thetrainingresource.com -The Internets most comprehensive training center; and Rochester LPGA -http://www.rochesterlpga.com/ online ticket store for purchase of LPGA tickets.
Herbert Tabin, International Internet C.O.O. stated, "As International commerce becomes a larger part of the internet it is our belief that the demand for global solutions customized by country will be in great demand. After performing extensive due-diligence, we believe that eStorefronts.net is in a position to fill that niche."
About eStorefronts.net
eStorefronts.net is a frontrunner in International commerce. With language and commerce processing in home currency eStorefronts.net is the source for global solutions customized by country. All storefronts are custom developed and powered by the highest-end performance and security products available for the web today. Storefronts.net is backed by Logisoft Corp., a technology leader that has been providing innovative solutions for over a decade.
About International Internet, Inc.:
International Internet, Inc. develops and operates Internet and direct retail marketing companies as well as venture funds focused on the Internet. The International Internet Group includes wholly owned subsidiaries American Computer Systems (ACS), StogiesOnline.com, Inc. (www.stogiesonline.com), International Internet E-tail group, Inc. and International Internet Ventures I LLC and majority owned subsidiaries, Mr. Cigar, Inc., and TheBroadcastWeb.com, Inc. (www.thebroadcastweb.com),. International Internet also holds minority interests in WowStores.com, Inc. (NQB:WOWS) (www.wowstores.com), Goldonline International, Inc.(OTC:GDOL) (www.goldonline.com), Vertical Computer Systems (OTC:VCSY) (www.thechinabridge.com), flightserve.com (AMEX:FSW) (www.flightserv.com) and eStorefronts.net (OTC:RTTK).
Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material was prepared and disseminated by The Hawke Group, Inc. ("Hawke") for the Company discussed herein, based upon Company-supplied information or other sources believed to be reliable. Hawke does not guarantee the information for accuracy or to be all-inclusive. This material is information only and is not an offer or solicitation to buy or sell the securities. Hawke, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. International Internet has retained The Hawke Group as a Financial Public Relations Consultant. For services rendered between Jan 1, 1999 and December 31, 1999, The Hawke Group has received 1,250,000 shares of International Internet free-trading common stock. On November 15, 1999 Scott Phillips, an employee of The Hawke Group, was issued 150,000 shares of restricted stock. Hawke will be paid $40,000 in cash for the period of 15 January, 2000 through August 14, 2000.
CONTACT: The Hawke Group, Inc., Fort Lauderdale, Fla
Brokers:
Scott Phillips, 954-564-7114 or Fax 954-564-9848
or
Investors:
Mandel Consulting, Inc.,
954-973-3493 or Fax 954-773-3558
Visit our website at www.hawkegroup.com. |
