Looks to me from this press release they are stating financials shall come out around 24 September. Of course if it is late by a few weeks I certainly won't think the sky is falling!!! How about you??? Sure wouldn't want another brick to hit you on the head!!!
BTW: I hold 14,000 shares of JNNE at 7cents apiece...guess I could have bailed ages ago...but I just want to see how all of this plays out. So far I like what I see!
Subj: JNNE Press Release September 14,1999
Date: 9/14/1999 6:35:29 AM Hawaiian Standard Time
From: pmrandco@aol.com (Pat Rost)
Sender: owner-jnne@jnne.com
To: jnne@jnne.com
Jones Naughton Entertainment to Formally Change Name to Go Online Networks
Corporation
Shareholders Vote Overwhelmingly for Name Change and Re-Incorporation
LOS ANGELES--(BUSINESS WIRE)--Sept. 14, 1999--Jones Naughton Entertainment,
Inc. (OTC BB: JNNE - news), today announced that, during the special
shareholders' vote on Sept. 8, 1999, shareholders approved the Company's
proposed name change to Go Online Networks Corporation, and further approved
the Company's proposed re-incorporation in the state of Delaware.
Subsequent to shareholder approval, Jones Naughton submitted several new
ticker symbol selections to NASD for review. The Company's name and ticker
symbol changes will be effective within the next few weeks.
Joseph Naughton, Chairman of Jones Naughton Entertainment, spoke about the
Company's commitment to its Internet direction saying: ''These changes will
serve to lock in our identity as an Internet-driven business. Our focus now
will be to fully exploit the potential of our GoOnline Kiosk, ShopGoOnline
and Auctionomics Divisions.''
Mr. Naughton concluded: ''It was a profound pleasure to meet with a number of
our shareholders who believe in what we are working hard to accomplish. I can
assure those who could not make the meeting that we are making every effort
to bring added value to their investment in our future.''
The meeting was attended by more than 50 shareholders, including one
shareholder of record from Brussels, Belgium, and more than 12 shareholders
from out of state.
James Cannon, Director of Operations for the Go Online Kiosk Division,
announced that, at the time of the meeting, the number of signed agreements
with hotels and motels throughout the country had grown to 175. He also
informed the shareholders that all but two of these contracts are for
four-year terms, and that the company has signed its first agreement in
Canada. ''Hotel and motel operators in 35 states, and now in British
Columbia, have committed to our Internet Kiosk service,'' said Mr. Cannon.
Representatives of both Icom Networks and Info Touch Technologies attended
the meeting, displaying a working prototype to shareholders of the actual
Internet Kiosks being installed by the Company. Mr. Hammed Shahbazi,
President and CEO of Info Touch Technologies, attended the meeting, telling
attendees his company had completed 25 installations for Go Online prior to
the meeting. Mr. Cannon said the two vendors had installed a total of 42
units and he expected 50 more units would be installed by the end of the
month.
Reporting Update
Jones Naughton Entertainment also announced it is nearing completion of its
financial audit and will make its financials available to the public within
the next ten days. Audited financials for 1998 and the first six months of
1999 are also available by either contacting the Company's Investor Relations
Representative or by contacting the Company's Corporate Offices directly.
Additionally, the Company's business plan outlining Go Online Networks
expanding growth strategy is now available by visiting the Company's Web site
at jnne.com .
About Jones Naughton Entertainment, Inc.
Jones Naughton Entertainment, Inc. is an information technology concern
focused on combining traditional marketing methods with the latest
advancements in Internet technology. Through its GoOn-line Division, Jones
Naughton provides interactive Internet, advertising and media buying services
to a growing number of clients across the country.
GoOn-line has also begun installing Internet kiosks in various hotels and is
aggressively pursuing kiosk agreements with a number of national hotel
chains.
Jones Naughton's subsidiary, GoOn-line.com (a Chico, California- based
Internet company specializing in the production of streaming video
infomercials over the Internet) offers Internet products and services to
consumers via E-commerce solutions available on the World Wide Web.
GoOn-line.com has launched www.ShopGoOnline.com , a virtual shopping mall Web
site featuring a wide variety of products, some of which have traditionally
only been available from infomercial companies advertising on broadcast
television.
Jones Naughton's growing list of Internet service and e-commerce suppliers
and partners includes: Icom Networks, Inc; Nicom Telemanagement, Inc.;
DoubleClick, Inc. (Nasdaq: DCLK - news); Guthy-Renker, Inc.; RealNetworks,
Inc. (Nasdaq: RNWK - news); LinkShare Corporation; PDQ Internet Services,
Inc.; Website Results, LLC and Info Touch Technologies.
This press release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Act of 1995.
Expression of future goals and similar expressions reflecting something other
than historical fact involve risks and uncertainties. The actual results the
company achieves may differ materially from any forward-looking statements
due to such risks and uncertainties.
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--
Contact:
Jones Naughton Entertainment, Inc.
Joseph Naughton, Chairman
714-736-9888
Web site: www.jnne.com
e-mail: joejeni@aol.com
or
PMR and Assoc.
Patrick M. Rost, Investor Relations
760-942-0015
e-mail: PMRandCO@AOL.com
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