OKTI Friday July 9, 2:00 pm Eastern Time
Company Press Release
Oxford-Knight Enters Into Agreement to Acquire a
40% Interest in Financial Services Company
Spin-Off to Shareholders
GRAND ISLAND, NY--(BUSINESS WIRE)--July 9, 1999--Oxford-Knight International, Inc. (OTC BB - OKTI), through
its President and CEO, Paul Syracuse, announced today that it has signed an agreement to acquire a 40% interest in Fusion
Capital Corp., a Florida based Delaware Corporation dedicated to providing Electronic Funds Transfer (EFT) systems for
retail merchants. This announcement follows up on the previously announced Letter of Intent made public in April of this year
concerning Fusion. Services provided by Fusion include equipment & software provision, debit/credit all environmental units for
drive-up restaurants, (currently being tested with McDonald's Corporation (MCD-NYSE)), ATM stand alone machines, smart
cards, and much more. It is the intent by OKI management, assuming all conditions and criteria are met by Fusion, to spin off
40% of Fusion as a new publicly traded company and have OKTI shareholders receive proceeds via stock in the publicly
traded entity based upon a record date disclosed in the future. Commenting on this most recent acquisition, OKI's President
and CEO, Paul Syracuse stated, ''While this deal took longer to complete than originally anticipated, we are pleased that we
are moving forward towards its completion. It should be of great value to the company and our shareholders. In regards to our
filing with the SEC, we decided to wait until our fiscal year was complete (June 30) to begin our audit and we will then follow
up our audited financials this month with our filing to the SEC to become a reporting company.''
Oxford-Knight International, Inc. plans to specialize in mergers & acquisitions, leveraged buy-outs, business consulting, real
estate development, construction (residential and commercial), assisted living facilities (new), and retail & wholesale distribution
of auto accessories. For more information on Oxford-Knight, contact Paul Syracuse at (716) 775-0750 or Jeff Brommer,
Investor Relations at 630-761-8062
This release contains forward looking statements with respect to the results of operations and business of Oxford-Knight
International, Inc. that involves risks and uncertainties. The Company's actual future results could materially differ from those
discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The
company intends that such statements about the Company's future expectations, including future revenues and earnings, and all
other forward looking statements be subject to the ''safe harbors'' provision of the Private Securities Litigation Reform Act of
1995.
Investments 101, Ltd. has been retained by Oxford-Knight to provide investor relations services for a period of three months
beginning April 8, 1999. Investments 101, Ltd. is being compensated for services rendered with 150,000 shares of free-trading
common stock. Jeff Brommer, his family, friends, and associates may from time to time buy and sell the above mentioned
security in the open market.
Contact:
Investments 101, Ltd.
Jeff Brommer, 800/749-0114
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