(BSNS WIRE) Cosmoz.com acquires KingFINE.com
Cosmoz.com acquires KingFINE.com
Business Editors/High Tech Writers
SAN FRANCISCO--(BUSINESS WIRE)--June 15, 1999--Cosmoz.com (OTC
BB: CMOZ) today announced the acquisition of KingFINE, Inc., a leading
financial web site utilized by active investors and day traders.
Financial terms of the agreement were not disclosed.
Based in Auburn, IN, KingFINE, Inc. (http://www.kingfine.com)
joins Cosmoz.com as a wholly owned subsidiary in the company's
Investment-Related Group of web sites. With this acquisition,
Cosmoz.com invests in the rapidly growing market of personal online
investing and day trading.
KingFINE management is excited about the acquisition having
turned down acquisition offers from a number of other sources in
recent months and choosing to partner with Cosmoz.com. "KingFINE
believes that Cosmoz.com is poised for high growth. We are excited
about building Cosmoz.com into one of the Internet's premier Portals.
Our confidence in Cosmoz.com is evident by the fact that we were
willing to be acquired through a 100% stock deal," explained Steve
Carnes, President of KingFINE, Inc.
"KingFINE.com has been successful in acquiring and maintaining
the most sincere and quality investors to our website," stated Steve
Marek, KingFINE's Vice President, Marketing and PR. "As such, it is no
surprise that a quality company such as Cosmoz would wish to continue
that legacy. Kingfine.com has always stood for 'Investors Helping
Investors' and that lofty goal is now more achievable than ever with
Cosmoz assisting with a major upgrade of the website in the coming
months."
Currently KingFINE members exchange ideas through a message board
and participate in Pick of the Day (POD) contests. Members scoring the
greatest cumulative gains each month win prizes provided by sponsors
and advertisers.
THE COSMOZ.COM NETWORK
The Cosmoz.com Portal, located at cosmoz.com, is
modeled after leading Portals such as Yahoo! (NASDAQ: YHOO), Go2Net ,
(NASDAQ: GNET) Lycos (NASDAQ: LCOS), AltaVista(NASDAQ: CPQ), Excite
(NASDAQ: XCIT)and Netscape Netcenter (NASDAQ: AOL), as a stand alone
business and with the expressed purpose of marketing the web sites
within the Cosmoz Network. The Cosmoz.com Portal provides several
unique features, plus all the content, functioning and ease of
navigation users expect from major Internet Portals. Additional
features such as Free Email and Personalization will be added in the
near future.
Cosmoz.com owned web sites also provide unique content,
integrated into the Cosmoz.com Portal. This adds value to the
Cosmoz.com Portal, which advertises and serves as a window to other
Cosmoz.com web sites.
For instance, Cosmoz.com financial web sites, BuckInvestor.com
and InvestorsGuru.com, will have investment articles and polls
displayed on the Portal. Active message board topics on MBmagic.com
are displayed and information about Cosmoz.com's Online Gaming web
sites, RealBet.com and DragonCasino.com, will be available.
The Cosmoz.com Portal also provides corporate information such as
Cosmoz.com news releases, contact information, employment
opportunities, Corporate information and how to sell your web site.
ABOUT COSMOZ.COM
Cosmoz.com's (http://www.cosmoz.com) mission is to become a
recognized leader in the development acquisition and investment of
high profile, high traffic, niche market -- Internet related
businesses and web-based technologies. Cosmoz.com's goal is to become
a major force in the Internet industry and is dedicated to the
development and acquisition of up to 20 websites by the year 2000.
Management is currently in negotiations with several acquisition
candidates and investment opportunities. "We are excited about our
current pace, developments and are on our way to reach our goal of
creating a network of websites under the Cosmoz Portal," said Wilfred
Shaw, CEO of Cosmoz.com. "Our company is growing at a rapid pace and
we are actively seeking more acquisition candidates," he added.
Certain information and statements included in this release
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation reform Act of1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the results,
performance, or achievements of the company to be materially different
from any future results, performance, or achievements expressed or
implied in such forward-looking statements.
--30--lmm/sf*
CONTACT: For Cosmoz.com:
LD Communications, Inc.
Bill Tunnell, 623/825-2550
Tunnellaz@aol.com
or
Hampton-Porter Investment Bankers
Michael Losse, 800/545-3345
mlosse@hpib.com
or
Compass Point Group, Inc
Diann Tongco, 619/525-0800
dt@venturefinance.com
KEYWORD: CALIFORNIA INDIANIA |
