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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers

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To: Don Pueblo who wrote (3459)8/28/1999 2:19:00 AM
From: Jeffrey S. Mitchell  Read Replies (2) of 3795
 
FRCD began life earlier this year as GOAN:

Goanna, a U.S. resource corporation, has ten gold-bearing properties covering over 2600 acres which are estimated to contain a minimum of 300,000 ounces of gold with the possibility of a yield of one million ounces, according to the company's geologist. Properties have significant base metal values of copper, nickel and zinc.

Subject 25244

Suddenly, in April, those 300,000 ounces of gold didn't look so good compared to the opportunities of the internet, so they changed their name to InternetWorx:

InternetWorx will be a leading provider of a variety of online entertainment pastimes, sports and specialized information services to the millions of global users of the Internet.

And with whom did they first choose to partner?

InternetWorx International is pleased to announce its first venture, a strategic partnership with Starnet Communications International Inc., also trading on the
Nasdaq OTC Bulletin Board, Symbol: SNMM... The Wall Street Journal has described Starnet as "one of the established leaders in Internet gaming and entertainment." Legal global wagering is estimated at $1 trillion.


Message 8962861

A month later, they nixed this idea citing:

Uncertain regulatory issues with the U.S. government concerning the legality of Internet gaming and the lack of public and investor support for such a project

Message 9441172

Good idea, as we all know what happened to BW client Starnet:

Police raided Internet gambling and pornography provider Starnet Communications Inc. early Friday, alleging the publicly traded company was involved in illegal gambling, gaming, betting and distribution of prohibited pornography.

vancouversun.com

ON 7/8, GOAN changed its trading symbol to FRCD, Fairchild International, announced they had partnered with PRXX, and voila! they claim to have a

...new generation of proprietary anti-aging products
developed after months of laboratory research and development.


Subject 30367

Yep, they'll make excellent BW clients, provided, of course, they learn how to leech (ticker-spam) "properly". BTW, Byron Cox, president of FRCD, has been with the company through all three incarnations.

- Jeff
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