PR on extension of lock-up of JPC's stock:
PR Newswire - June 15, 1999 10:15
NEW YORK, June 15 /PRNewswire/ -- ProNetLink.com(R) (OTC Bulletin Board: PNLK),
pronetlink.com (PNL), the Global Trade Internetwork and Portal specializing in electronic
international commerce, announced today that key management of the company will continue to
voluntarily lock-up its stock to show its support for the company.
Jean Pierre Collardeau, the President of ProNetLink, who voluntarily locked up his shares last year will
continue to do so for an additional year. In addition to the lock-up, Mr. Collardeau has not taken any
salary or compensation since the start of the company. He is the only ProNetLink executive that has
shares that could be traded in the public market in the immediate future. Mr. Collardeau had agreed with
ProNetLink to extend the term of his lock-up agreement with respect to his shares of ProNetLink
common stock. Under the terms of the original lock-up agreement, which was entered into as of June 23,
1998, Mr. Collardeau, together with members of his immediate family, agreed with the company not to
sell 16,500,000 shares of ProNetLink common stock in the public market for at least one year.
Under the terms of the new lock-up agreement, Mr. Collardeau and his wife agreed with the company
not to sell 16,500,000 shares of ProNetLink's common stock in the public market until at least June 23,
2000. They have, however, reserved the right to sell or otherwise transfer all or any portion of their
ProNetLink common stock in one or more private transactions that should not result in the shares being in
the public market until after June 23, 2000. They also retain the right to sell other shares of ProNetLink
common stock which they currently own, or may acquire in the future, in any manner. As of today's date,
Mr. Collardeau and his wife own an aggregate of 17,662,920 shares of ProNetLink common stock.
Mr. and Mrs. Collardeau's shares will be held by Kronish Lieb Weiner & Hellman LLP, ProNetLink's
attorneys.
ProNetLink.com, The Global Trade Internetwork, is the most comprehensive business-to-business
e-commerce portal available that is designed specifically for the international trade community. In
addition to locating potential markets and trade partners, ProNetLink.com members may conduct
business functions online, participate in live trade event netcasts and communicate in real-time with
trading partners. ProNetLink.com members have the unique capability of adapting their own portal pages
to fit their individual needs, offering choices from an array of critical business information including trade
leads, news and resources. ProNetLink.com members also benefit from a variety of other exclusive
features and professional services.
Headquartered in New York City, ProNetLink maintains sales offices in Asia and the Middle East.
European offices are scheduled to open in June. For additional information, please contact ProNetLink,
645 Fifth Avenue, Suite 303, New York City, NY 10022, by telephone at 212-688-8838; by fax at
212-319-4598; or by email, info@pronetlink.com. Or visit the company online: pronetlink.com.
This release contains, in addition to historical information, forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, which reflect PNL's current judgments of those issues. However, because
those statements are forward-looking and apply to future events, they are subject to risks and
uncertainties, which could cause the Company's results to differ materially.
SOURCE ProNetLink.com
/CONTACT: Glenn Zagoren of ProNetLink, 212-688-8838, or fax,
212-319-4598, or gz@pronetlink.com/
/Web site: pronetlink.com
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