Here's news for you Ron....
Monday June 7, 8:26 am Eastern Time
Company Press Release
www.eBIZnet.com, Inc. Completes $1 Million Financing
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--June 7, 1999-- www.eBIZnet.com, Inc. (OTC BB:BIZN), (www.eBIZnet.com), a multifaceted Internet company, announced today that they have completed a $1 million private financing.
CFO Willis Hale stated: ''We are very pleased that as this funding has allowed eBIZnet to integrate vertically and strategically via its acquisition program, eBIZnet has added five different strategic Internet divisions for a risk-balanced Internet portfolio.''
''The company has acquired and is in the process of acquiring companies with which it transacts business. This will allow us to benefit from the synergies created.''
eBIZnet's Internet operations now include:
-Electronic Business Network, Inc. (www.ebn-inc.com), an Internet publishing and portal company developing specialized content. EBN derives its income from selling Internet banner advertising across its network of websites which consist of 17 major portals and 28,500 websites. This acquisition provides a major revenue stream as well as traffic to eBIZnet owned websites.
-JBX Online, Inc. (www.jbx-inc.com), a commercial ISP offering new technology in bandwidth delivery from local to global networks. JBX is a leading Web Hosting service offering state of the art, secure website hosting to businesses of all sizes. JBX's turnkey business and corporate website solutions includes server colocation, bandwidth on demand (TM), and leased line support.
-StormCrow Studios, Inc. (www.stormcrow.com), a digital multimedia production company developing entertainment content for delivery via the Internet's new convergence technologies such as streaming audio and video. In addition to providing an entertainment element to eBIZnet's websites, StormCrow Studios provides the Company with TV commercial production and website development.
-Global Online Exchange, Inc. (www.goe-inc.com), eBIZnet's online trade and exchange portal which will provide Internet users with a central clearinghouse for the trading of goods and services globally. At GOE's websites barter organizations, corporate trade exchanges, businesses and individuals will be able to conduct barter transactions in real time online.
-Capital Publishing Corporation (www.cp-corp.com), an online financial publishing company operating 14 financial websites, communities and portals featuring up to date financial news, information and online discussion forums. CPC distributes news and information on the stock market with a focus on the small cap markets, technology stocks and Internet companies.
eBIZnet also announced that its current interim audit is nearing completion and expected within 30 days. Upon completion of the audit, eBIZnet intends to file Form 10 with the SEC so as to become a fully reporting company. It remains the company's intention to achieve eligibility for a Nasdaq Small Cap listing this calendar year.
-0-
Stock Capitalization (a)
Public Stock
Free Trading 1,403,206
Total Shares Outstanding (a) 5,036,700
(a) If all transactions completed, and all options/warrants
exercised.
The Company currently updates its current information at its website. For other information about the company please visit its website at ebiznet.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products; delays in testing and evaluation of products; and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
This is not intended as an offer to either purchase or to sell securities of the company. Any forward looking statements contained herein are based upon information and belief but no assurances are made or intended.
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Contact:
www.eBIZnet.com Inc., Deerfield Beach
Garland E. Harris, 954/726-0304
admin@ebiznet.com
or
Johanna Talifero, 250/715-0133
johanna@ebiznet.com |
