International Internet and Auction Concepts Rescind Agreement
For Immediate Release:
BOCA RATON, FL - August 30, 1999 - INTERNATIONAL INTERNET, INC. (OTC BB:IINN)
International Internet, Inc. (of Boca Raton, Florida) and Auction Concepts, Inc. (of Holland, Ohio), announced today a mutual agreement to rescind IINN'S acquisition of a majority interest in Auction Concepts, Inc.
Due to a confidentiality provision in the agreement, the reasons for the companies desire to rescind the acquisition cannot be disclosed.
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 majority owned subsidiaries Mr. Cigar, Inc., StogiesOnline.com, Inc.(www.stogiesonline.com), TheBroadcastWeb.com, Inc. (www.thebroadcastweb.com) and Stogiesauction.com (www.stogiesauction.com), a joint venture between AuctionAnything.com, Inc.(OTC:UBUY) and International Internet. International Internet also holds minority interests in Wowstores.com, Inc. (OTC:WOWS) (www.wowstores.com) and Goldonline International, Inc. (OTC:GDOL) (www.goldonline.com).
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 is information only and is not an offer buy or sell the
securities.
Source: International Internet
For more information, contact: The Hawke Group, Inc. Phone (954) 564-7114 Fax (954) 564-9848
Visit our website at www.hawkegroup.com.
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. The information is not guaranteed by Hawke 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. The Hawke Group has been compensated by the Company. |
