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Pastimes : The OTCBB Garbage Dump

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To: LANCE B who wrote (2734)10/12/1999 9:44:00 AM
From: Tom Allinder  Read Replies (2) of 2942
 
INDIANAPOLIS--(BUSINESS WIRE)--Oct. 12, 1999--Financing
agreement allows leader in family-safe Internet browsing to
accelerate marketing, sales and product development.
BrowseSafe.com, Inc. (OTC BB:PGPG-news), announced today that it
has signed an agreement with Groome Capital.com Inc., for a private
placement of $10 million. The placement will be done on a best
efforts basis. Groome Capital has also been retained as exclusive
agent and fiscal advisor. A fee of $20,000 has been paid as an
engagement fee for legal review and other due-diligence expenses.
The net proceeds of the financing will be used for marketing, name
branding, corporate infrastructure and staffing requirements that
will be needed to accommodate the company's growth.
"This agreement will enable BrowseSafe.com to aggressively market
our product and gain a significant share in the expanding family-safe
Internet browsing market. We are looking forward to our relationship
with Groome Capital and I believe they will be a significant asset to
our corporate development," says Mark Smith, President of
BrowseSafe.com .
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