SYCR Syncronys Signs Web Site Development Agreement
I think SYCR will see way higher prices short term. This is a chance to get in at the bottom of what will be a great run.
As mentioned in today's release, more Internet acquisitions are soon to be completed...
<<<< The Generation Entertainment Agreement will provide substantial revenues to Syncronys both in the short term and over the next two years.
Carl Kosnar, Syncronys's senior management consultant stated, "The Generation Entertainment Corp. agreement along with the acquisition of a number of Web related companies, currently at the signing stage of negotiations, will dramatically add to our new corporate profile.
"The Generation Entertainment Agreement and Syncronys's acquisitions will enable Syncronys to produce a substantial profit in this fiscal year." >>>>
February 11, 1999 14:00
Syncronys Signs Web Site Development Agreement
MARINA DEL REY, Calif.--(BUSINESS WIRE)--Feb. 11, 1999--Syncronys Softcorp (OTC BB: SYCR) Thursday announced that the company has signed an agreement with Generation Entertainment Corp., Scottsdale, Ariz. (OTC BB:GNEN), to develop a CD music Web site.
The site will feature over 250,000 titles available in CD, DVD and Video Programming. Syncronys' will provide a broad range of services to Generation Entertainment including integrating their current Web site development efforts, link the integrated site to an appropriate Web site portal and establish an integrated E-Commerce Web site sales and marketing programming.
Syncronys' management expressed excitement on signing the new agreement with Generation Entertainment Corp. "This contract will send a new position signal to our shareholders as we prepare to emerge from Chapter 11 reorganization." (Syncronys's previous management filed for Chapter 11 protection on July 15, 1998.)
The Generation Entertainment Agreement will provide substantial revenues to Syncronys both in the short term and over the next two years.
Carl Kosnar, Syncronys's senior management consultant stated, "The Generation Entertainment Corp. agreement along with the acquisition of a number of Web related companies, currently at the signing stage of negotiations, will dramatically add to our new corporate profile.
"The Generation Entertainment Agreement and Syncronys's acquisitions will enable Syncronys to produce a substantial profit in this fiscal year."
Forward-looking statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological change, the company's dependence upon third-party suppliers, intellectual property rights and other risk detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
CONTACT: Syncronys Softcorp
Walter Doyle, 520/886-4415 |
