IP Equity, Inc. Increases Stake in Information-Highway.com, Inc.
PR Newswire - July 09, 1999 15:08
SAN DIEGO, July 9 /PRNewswire/ -- IP Equity, Inc., ipequity.com, a leading Internet investment company, announced today that it has increased its position in Information-Highway.com, Inc. (OTC Bulletin Board: IHWY), information-highway.com, through the exercise of an undisclosed amount of stock options in exchange for restricted shares in the company.
Chris Agarwal, President & CEO of IP Equity, Inc., states, "We believe that Information-Highway.com presents to us a strategic investment opportunity that will benefit our future growth. Along with our positions in other web-based media, e-commerce, and high-speed Internet access companies, Information-Highway.com provides us with a growing group of over 20,000 Internet access users which we can market the services of our other clientele to. This ensures the success of our existing and future investments in complementary Internet businesses. In turn, we expect Information-Highway.com to benefit immensely from the future provision of services to our existing clientele and Internet user base, from revenues generated from our e-commerce partners, and from the use of our strategic advice with regards to aggressive Internet business in the 21st century."
John Robertson, President & CEO of Information-Highway.com, states, "Following in the footsteps of companies such as CMGI and The Internet Capital Group, IP Equity is well-known as the leader in Internet-related small-cap investments and venture consulting. We are excited to have IP Equity as a strategic partner and as a large investor as we work to increase the capacity of our services to achieve our goals for expansion in 1999 and beyond."
About IP Equity, Inc.
IP Equity, Inc., ipequity.com, is a leading Internet venture consulting company. Providing strategic Internet consulting and investment services, the company holds positions in a diverse array of web-based media, e-commerce, Internet access, and communications equipment companies with a combined market capitalization of near $500 million. IP Equity, Inc. also operates an online media division with more than 80,000 users worldwide.
About Information-Highway.com, Inc.
Information-Highway.com, Inc. is a leading edge Internet Service Provider (ISP) engaged in web content development and Internet access throughout North America. The Company provides dial-up and dedicated Internet access as well as web site hosting to over 20,000 Canadian users. Information-Highway.com's premiere online service, The Executive Club, is a localized regional Internet portal that can save users vast amounts of time by allowing them to access stock quotes, weather forecasts, community events, online trading, web searches, multicasting, free Internet-based long-distance telephone calls, and shopping -- all from one place.
Interested parties may join The Executive Club for free at theexecutive.com and can find more information about Information-Highway.com Inc. on the Company's web site at information-highway.com.
SOURCE IP Equity, Inc.
/CONTACT: Dan Mutters of IP Equity Internet Investments, 800-997-3323,
ir@information-highway.com,; or John Robertson, President, of
Information-Highway.com, Inc., 800 665-4616, John@information-highway.com/
/Web site: ipequity.com
/Web site: theexecutive.com
/Web site: information-highway.com
(IHWY) |
