For more information, please contact: Michelle Cutting, info@castpro.com, or Anthony Zelen, 800-773-7317, both for CastPro.com. 5 SOURCE CastPro.com
CastPro.com Announces Acquisition of CastPro.com LLC
LOS ANGELES, Feb. 28 /PRNewswire/ -- CastPro.com (OTC: KSTP), OTC Electronic Pink Sheet Symbol (KSTP) (www.castpro.com), announced today that it has concluded an agreement to acquire all issued and outstanding shares of CastPro.com LLC in return for 8 million shares of restricted stock.
CastPro.com is a market leader of live on-location webcasts, utilizing wireless and digital technology. The Company's unique facilities in Los Angeles include wireless mobile units that broadcast live through use of the Internet. These fully equipped vehicles are similar to News Production units yet differ in their internet ready broadcasting capabilities, allowing the company to capture time sensitive and live events in an efficient and cost effective manner.
CastPro.com has produced live webcasts for Netter Digital (NETT), New Times Los Angeles, Ground Zero, Static Software, RegenerationTV.com, to name a few.
Chief Executive Officer, Corey K. Quinn said "We are pleased with the Company's progression in the last few months. The Company's products and services have found an exceptional fit within the expanding Internet market. Live internet wireless broadcasting is opening minds, with possibilities producers had not envisioned a year ago."
The Company is now preparing to file its Form 10-SB for application to the OTC Bulletin Board, which it believes will be submitted within the next few weeks.
CastPro.com is dedicated to being the leader in the production of digital, live on-location webcasts by utilizing the highest quality equipment, cutting edge digital technology and a knowledgeable staff. To maintain leadership, CastPro.com is constantly developing new strategic alliances and more efficient technologies for transferring streaming data and producing webcasts. (http://www.castpro.com)
Note: Any statements released by CastPro.com that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risks and uncertainties that may affect the Company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the statements.
For more information, please contact: Michelle Cutting, info@castpro.com, or Anthony Zelen, 800-773-7317, both for CastPro.com. 5 SOURCE CastPro.com
CO: CastPro.com; CastPro.com LLC
ST: California
IN: FIN MLM
SU: TNM
02/28/2000 12:43 EST prnewswire.com |
