Finally, it's official...
Vagabond
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MultiMedia Industries Announces the Acquisition of AUCTIONFUN.COM
SANDY, Utah, June 18, 1999 (BUSINESS WIRE via COMTEX) --
MultiMediaIndustries (OTC BB: MMIC) has acquired AUCTIONFUN.COM, a company with a unique approach.
Edward Superfon, founder and president, said: "We have a special package including a digital camera, and the computer compression software to enable any individual or corporation to go into the auction business on their own." In addition, AUCTIONFUN.COM will supply the online charge service for credit card facilitation with Visa, Mastercard, Discover and American Express.
MultiMedia paid 12 million restricted shares to purchase AUCTIONFUN.COM, which will develop online services for both business and the individual.
MultiMedia has audited financials available upon request. AUCTIONFUN.COM plans to be a one-stop auction house and global connection superstore for all consumers interested in negotiating goods and services. Most importantly, AUCTIONFUN.COM will sell a transaction "experience" to consumers, businesses, distributors and corporations, thereby enhancing their ability to transact commercial functions.
For example, how often do people upgrade a piece of equipment, unable to find a market for the old, or move and have to get rid of either furniture/fixtures or household furnishings for next to nothing? Soon, they can be auctioned with pictures and sound on the Internet.
For information, call Jennifer Runyan at 888/689-8018. This news release contains forward-looking statements relating to future revenues and operating information and their impact on future results. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors, such as market conditions, technology shifts, potential difficulties in acceptance of new concepts, competition, price sensitivity and the uncertainty of market acceptance of the products of the company.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: MultiMedia Industries, Sandy
Jennifer Runyan, 888/689-8018
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