ABUY More news on another spinoff..
AmeriNet Shareholders to Receive Shares of PriMed Stock
AmeriNet Shareholders to Receive Shares of PriMed Stock
BOCA RATON, Fla., Feb 9, 2001 /PRNewswire via COMTEX/ -- AmeriNet Group.com,
Inc. (OTC Bulletin Board: ABUY) ("AmeriNet") announced today that it has entered
into an agreement with PriMed Technologies, Inc. and PriMed Technologies LC, of
Deerfield Beach, Florida (web site at www.primedtech.com; "PriMed"), pursuant to
which AmeriNet stockholders will, subject to prior registration under Section 5
of the Securities Act, receive 10% of the common stock of an entity to be formed
consolidating the operations of PriMed and its affiliates ("New PriMed").
Negotiations are continuing concerning AmeriNet's acquisition of a majority
interest in New PriMed, in addition to the shares to be issued directly to
AmeriNet's stockholders. The stock dividend will be issued to AmeriNet
stockholders of record at the close of business on the day the required
registration statement is declared effective by the Securities and Exchange
Commission (the "Commission"). As currently contemplated, AmeriNet stockholders
will receive one share of New PriMed common stock for every 10 shares of
AmeriNet's common stock held. A copy of the agreement will be filed as an
exhibit to a current report on Commission Form 8-K today.
PriMed, which is in the process of consolidating and expanding its current
operations, is involved in the provision of management and support services to
the health care industry along with the latest on-line technologies to its
growing client base of physicians, hospitals and ancillary service organizations
in South Florida. PriMed, in business for 2 years, has generated approximately
$975,000 in revenue for 1999 and approximately $1,200,000 in revenue for 2000, a
24% increase year to year. PriMed projects a 150% increase to $3,000,000 in
revenue for the year ending December 31, 2001, based on contracts currently
being negotiated. This projected increase will permit PriMed to become
profitable by the end of the year.
AmeriNet is a publicly traded holding company, which files periodic reports with
the Securities and Exchange Commission. It has offices in Ocala and Boca Raton,
Florida. In business since 1964, its management has expertise in finance,
acquisitions and securing growth capital for emerging companies. Its
subsidiaries currently include: Wriwebs.com, Inc., and AmeriNet Communications,
Inc. For additional information, contact Charles J. Scimeca at (561) 998-3435
(voice), (561) 998-4635 (fax), or charles@amerinetgroup.com (email).
This release is comprised of inter-related information that must be interpreted
in the context of all of the information provided, and care should be exercised
not to consider portions of this release out of context. This release is
provided in compliance with Commission Regulation FD and contains certain
"forward-looking statements and information" (as defined in the Private
Securities Litigation Reform Act of 1995) concerning AmeriNet that are based on
the beliefs of AmeriNet's management, as well as assumptions made by and
information currently available to AmeriNet. Such statements reflect the current
views of AmeriNet with respect to future events and are subject to certain
assumptions, including those described in this release. Should one or more of
the underlying assumptions prove incorrect, actual results may vary materially
from those described herein as anticipated, believed or expected. AmeriNet does
not intent to update these forward-looking statements prior to announcement of
quarterly or annual results.
SOURCE AmeriNet Group.com, Inc.
CONTACT: Charles J. Scimeca, 561-998-3435, or fax, 561-998-4635, or
charles@amerinetgroup.com
URL: amerinetgroup.com
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