News Release
Canadian Venture Exchange (CDNX) Symbol: AIR
December 19, 2000
NASD OTC Bulletin Board: ABOM
Toll-free: 1-800-639-0544
Tel: 1-604-689-1659
Fax: 1-604-689-1722
Email: airbomb@senategroup.com
Websites: www.airbomb.com
Appointment to the Board
Airbomb.com Inc. (CDNX: "AIR"; NASD OTC Bulletin Board: "ABOM") is pleased
to announce the appointment of Mr. Tony Ellsworth to the Board of
Directors. Mr. Ellsworth is the president of Ellsworth Handcrafted Bicycles
Inc., a U.S. company producing high performance bicycles. Ellsworth
bicycles are widely regarded as the current state-of-the-art designs and
include patented features. In November, 2000 his "Aeon" bike won a consumer
choice award from Mountain Bike Review for the best full suspension bike
made today.
In addition to operating America's third largest specialty bicycle company,
Mr. Ellsworth brings experience in the financial services industry. Mr.
Ellsworth is a Registered Investment Advisor through his Sterling Company, a
consulting business specializing in the design, implementation and servicing
of Qualified Retirement Programs.
Mr. Ellsworth was previously a licensed broker and business financial
consultant with Merrill Lynch, trading stocks, bonds and mutual funds for
personal and business packages.
Prior to joining Merrill Lynch, Mr. Ellsworth was a business management
advisor with The Mercer Company where he provided in-depth business,
financial and human resource consulting to over 100 U.S. and Canadian
companies. In addition, Mr. Ellsworth is on the Fidelity Advisor Executive
Council, a platinum member of the Kemper Executive Council, and a former
Member of the Profit Sharing Council of America.
"Airbomb.com is pleased to have a person of Mr. Ellsworth's stature in the
cycling industry join the Board of Directors," stated David Houston,
President. Mr. Houston continues, "Tony has developed one of the most
prestigious, high quality bicycle companies in the world and is a powerful
addition to an already talented Board of Directors."
Mr. Dennis Higgs has resigned as a Director and an officer of Airbomb.com
Inc.
About Airbomb.com Inc.
Airbomb.com Inc. is an internet retailer and distributor of mountain bikes
and related parts and accessories. The Company is unique because it has
developed strong relationships with some of the largest component
manufacturers in Asia and North America. Selling products direct from the
manufacturers to the consumers and retail dealers at wholesale prices or
less allows Airbomb.com customers significant price advantages over the
competition.
According to the World Market Report International Bicycle Statistics, 1999
Interbike Directory, the United States retail market for bicycles and
related parts and accessories is approximately USD $5.4 billion and USD $25
billion globally.
Further disclosure of the Company's activities can be found in the
"Investors" section at www.airbomb.com.
On behalf of the Board
"David Houston"
David Houston
President |
