You guys remember ISNI....
End of day PR....
Internet Sports Network Completes [.22951]
Merger; Begins Trading
Business Editors
VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 24, 1999--Internet Sports
Network (OTC BB:ISNI) announced today that the company has finalized
its merger with Birchtree Capital Partners, a public company.
The transaction was completed as a tax-free share exchange. The
newly formed entity will be known as Internet Sports Network Inc.
(ISN) and is being traded on the Over-the-Counter Bulletin Board under
the ticker symbol ISNI.
Andrew DeFrancesco, chairman of ISN stated: "We are extremely
pleased to have completed this merger and very excited to be publicly
traded. Patrick S. Earle, the Company's Co-Founder, President & CEO,
and his team have spent nearly four years working on our business
development. The public marketplace will allow us to focus on
accelerating our growth plans and expedite our strategies through the
availability of new capital and other opportunities afforded a public
company. This is an exciting time for ISN."
Internet Sports Network Inc. has been developing and operating
Internet sports entertainment applications since 1996 and has
successfully registered thousands of subscribers through its web site
in a range of sports oriented contests. ISN's objective is to become
the leading Internet sports media and Entertainment Company on the
Web.
To visit Internet Sports Network Inc.:
sportspool.com
ISN is currently developing its investor page on the net to help
simplify the dissemination of news to its shareholders. The company
is also designing an investor package for the financial community,
which will be completed before the end of March. To receive an
investor packet, and/or to be added to the mailing list, email your
request to corpinfo@internetsportsnet.com. Complete investor kits
will be mailed once available.
Forward-looking statements and comments in this press release are
made pursuant to the safe-harbor provisions of Section 21E of the
Securities Exchange Act of 1934. Such statements relating to, among
other things, the prospects for the company to increase the level of
sales, complete future web sites or secure additional financing are
necessarily subject to risks and uncertainties, some of which are
significant in scope and nature, including, but not limited to, the
risks related to the demand for the company's products and/or
services, competition, and availability of capital.
--30--slb/clv*
CONTACT: Internet Sports Network Inc.
Mark Merhab, 714/257-7902
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET SPORTS ENTERTAINMENT MERGERS/ACQ
Today's News On The Net - Business Wire's full file on the Internet
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URL: businesswire.com
Feb-24-1999 14:43 GMT
Symbols:
US;ISNI
Source BW Business Wire |
