Friday September 3, 3:50 pm Eastern Time
Company Press Release
Go Call Inc. Responds to Shareholder Inquiries
NEW YORK--(BUSINESS WIRE)--Sept. 3, 1999--In response to shareholder inquiries, Go Call Inc. (OTC BB:GOCA - news) Friday stated that it does not operate any adult entertainment Web sites.
Go Call Inc.'s wholly owned Go Cash subsidiary processes transactions for the online gaming industry, including GoCasino.com and ImperialDragonCasino.com.
Go Call Inc. Friday also announced that the agreement to merge Country Star Restaurants Inc. into Go Call Inc. has been terminated by the mutual consent of the boards of directors of both companies, pursuant to the provisions of the said agreement.
As a result, Go Call will not acquire the approximately 8% of the common stock of Country Star which it does not own. Go Call Inc. has ownership of 92% of the common stock of Country Star Restaurant Inc. Go Call Inc. plans to divest of its non-Internet-related businesses and pursue Internet entertainment and e-commerce markets.
Go Call is an Internet and E-commerce company focused on the Internet entertainment industry. Its services include processing transactions for online gaming through its Go Cash subsidiary, including GoCasino.com and ImperialDragonCasino.com, a banner advertising network (www.gobannerad.com), the development of www.indexus.com, a comparison shopping search engine, and Go Internet kiosks, which will provide public access to the Internet through strategically placed kiosk portals.
Some paragraphs of this news release, particularly those describing Go Call Inc.'s strategies and business plans, contain 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. While Go Call Inc. is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing its products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of Go Call Inc., its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Go Call Inc.'s results of operation. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Go Call Inc. or any other person that the objectives and plans of Go Call Inc. will be achieved.
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Contact:
Go Call Inc., Cambridge, Ontario
Investor Relations, 519/651-2121 or 800/448-2296
ir@goca.com
www.goca.com |
