On or about August 16, 1999, the Company will amend its Articles of
Incorporation the Company to change the name of the Company to JustWebit.com,Inc. and to effect a reverse split of its Common Stock so as to combine twenty (20) issued and outstanding shares of Common Stock as of July 12, 1999 into one (1) share of validly issued, fully paid and non-assessable Common Stock. Such reverse split, by terms of the Amendment to the Articles of Incorporation, will not apply to and will not affect any issuance of shares of Common Stock by the Company subsequent to the effective date of the reverse split. As a Consequence of the acquisition of Media Rage and the issuance of 375,000 shares of the Company's Common Stock in connection with such transaction, the total number of shares of Common Stock issued and outstanding will be 2,952,229 as of August 12,1999. |
