DENVER--(BUSINESS WIRE)--Aug. 17, 1999--E.T. Capital, Inc. (OTC BB:ETCP) today
announced that it will move forward the date of the release of its 1 900 "DEMOCRAT" and 1
900 "REPUBLICAN" political fund raising telephone numbers to individual political
candidates in order to allow candidates access to mass fund raising support prior to the
upcoming primaries.
The decision to release the 1 900 "DEMOCRAT" and 1 900 "REPUBLICAN" to individual
candidates prior to the primaries was made because of criticism by some candidates of the
current fund raising system; a system that makes it very difficult for lesser known candidates
to raise the large amounts of money required in today's political scene. That could not only
preclude many good candidates from running for political office because of the lack of funds,
but it could also put the nomination of candidates into the hands of those who should not have
that power; the lobbyists.
Several candidates have already indicated that "the lack of a source of funding combined
with the apparent surplus of funds of a few others has almost disenfranchised the voters from
the decision making process. This could eliminate not only the value and the purpose of the
primaries to the voters, but could make the primaries themselves of little consequence."
E.T. Capital, Inc. has proposed to both Republicans and Democrats that by utilizing 1 900
"DEMOCRAT" or 1 900 "REPUBLICAN," tens of millions of dollars could be raised almost
immediately for distribution to candidates. This would not only contribute to financing the huge
cost of these election campaigns but to also level the playing field and keep good
candidates, that may otherwise be unable to maintain a presence, in the political arena.
Included in this release are "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. Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such expectations
reflected in such forward-looking statements will prove to have been correct. The Company's
actual results could differ materially from those anticipated in the forward-looking statements
as a result of certain factors including sales levels, distribution and competition trends and
other market factors.
Market Float: 3,775,000 shares Shareholders: 9,137
CONTACT: E.T. Capital, Inc.
Investor Contact - 949/645-8324
Fax - 604/925-0536 |
