Wednesday September 1, 8:59 am Eastern Time
Company Press Release
SOURCE: PHON-NET.COM
Filed for Fully Reporting Status, PHON-NET.COM
SEATTLE, Sept. 1 /PRNewswire/ -- PHON-NET.COM Inc. (OTC Bulletin Board: PNET - news) has filed a SB-2 form type, and the submission has been accepted by the U.S. Securities and Exchange Commission, August 27th, 1999. The fully reporting status and effective date will be announced upon approval.
``For Sale in America'
PHON-NET.COM is now listed with iMALL.com Inc., a leader in the e-commerce online malls and product listings. Hosting a new purchase page for the Direct Connect software, businesses purchasing Direct Connect for their web site now have the ability to make a secure purchase through iMALL.com's secure credit card server. Our purchase page will accept all major credit cards, checks, and money orders. Orders can be made using Direct Connect through the purchase page to place an order by phone to the PHON-NET customer service desk. Go to imall.com to make your purchase of Direct Connect.
Our Direct Connect software connects consumers, using a single phone line connection to the Internet, to businesses, while viewing their web page!
Requests by Internet Distributors in Japan, Korea, and Hungary have been received by the Phon-Net group as international interest grows.
The Direct Connect beta-test, beta.phon-net.com, across the USA is on going. Our beta test program is open to all residents of the United States using a single modem/phone line connection. Submitted reports from the completed beta test forms have been 97% positive. A sample analysis will be posted on the PHON-NET.COM web site when the beta test is finished.
All forward-looking statements made by PHON-NET.COM involve material risks and uncertainties and are subject to change based on factors beyond PHON-NET.COM's control. Accordingly, PHON-NET.COM's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, without limitation, those described in PHON-NET.COM's filings with the United States Securities and Exchange Commission. PHON-NET.COM does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
Investor information can be found at: www.phon-net.com, symbol PNET on OTC/BB or by contacting Tizo Maduro -- investor relations at 1-800-668-6274 for an investor information package.
SOURCE: PHON-NET.COM
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