ICHG - HUGE HUGE HUGE NEWS JUST OUT. THIS IS GOING TO FLY. PLUS MORE ON THE WAY. GET IN EARLY BEFORE THE RUSH ON MONDAY.
(BSNS WIRE) iChargeit Inc. Reports Results of Special Meeting of Shareho
iChargeit Inc. Reports Results of Special Meeting of Shareholders
Business & Technology Editors
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Nov. 12, 1999--
iChargeit, Inc. (OTCBB:ICHG) announced today that shareholders
at a Special Meeting approved several proposals including: (i) the
issuance of iChargeit common stock in the related Merger of iChargeit
and Bay Micro Computers; (ii) the election of the Company's Board of
Directors; (iii) iChargeit's 1999 Stock Incentive Plan; (iv) the
reincorporation of iChargeit from Texas to Delaware; and (v) the
appointment of Richard A. Eisner & Co., LLP as independent auditors.
The meeting was held at the Company's new headquarters in
Torrance, California, representing the combined iChargeit/Bay Micro
facility. The combined companies will have 23 full-time employees and
generated revenue in excess of $2 million in the quarter ended
September 30, 1999.
Jesse Cohen, CEO of iChargeit, stated, "We are pleased that our
shareholders expressed their confidence in the Company and its future
at our meeting. The Company has made significant strides towards
implementing our business plan by approving the proposals at today's
meeting, in addition to our continued progress on our technology and
services activities."
iChargeit, Inc. is an Internet based e-commerce company whose
iChargeit.com Cybermall and Virtual Arcade began Phase I deployment on
March 1, 1999. iChargeit also is launching traditional ISP access in
500+ cities in the U.S. and Canada, as well as high speed access set
to launch in selected cities. iChargeit's key partners and anchor
tenants include, but are not limited to: Preferred Voice International
(OTCBB:PVFI), Winners Internet Network (OTCBB:WINR), Innovative
Holdings and Technologies (OTCBB:IHTL), Pacific Medical Group
(OTCBB:PMGI) and Massimo Da Milano (OTCBB:MDMI) and Homecom.
Statements made in this news release that relate to future plans,
financial results, market growth and other projections, events or
anticipated results are 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. Actual results
may differ materially due to a variety of factors including
competitors with more resources available to them.
--30--pm/ny*
CONTACT: iChargeit Inc., Huntington Beach
888/815-4390
or
Investors:
DeMonte Associates, New York
Cynthia DeMonte, 212/473-3700
cdemonte@demonte.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: E-COMMERCE SOFTWARE INTERNET
ELECTRONIC GAMES/MULTIMEDIA
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