SYCD aims to get NASDAQ listing by 3rd quarter, 2,000
<<Wednesday November 17, 8:07 am Eastern Time
Company Press Release
SyCoNet.com Retains New Chief Financial Officer to Expedite Nasdaq Filing Process
MANASSAS, Va.--(BUSINESS WIRE)--Nov. 17, 1999--SyCoNet.com, Inc. (OTC BB:SYCD - news), the leading U.S. distributor of Anime (Japanese animated) videos and DVDs, today announced it has retained Kathryn T. Jacobson, CPA as Vice President and Chief Financial Officer to expedite the Company's NASDAQ filing process and direct all financial reporting and accounting efforts.
Jacobson holds an MBA and has over a decade experience as Director of Accounting and Financial Reporting at CACI Technologies, Inc., a division of CACI, Inc. (NASDAQ:CACI - news), where Jacobson managed the company's accounting and financial reporting. Chief executive officer of SyCoNet.com Sy Picon stated, ''We are extremely pleased to retain Kathryn Jacobson. Her expertise and intimate knowledge of the SEC filing process is of significant value in our efforts to be listed on NASDAQ in the immediate future.''
Kathryn Jacobson commented, ''I am excited to be joining such a forward-thinking firm that is in one of the fastest growing segments of the entertainment industry. Through my discussions with Sy Picon and the Board of Directors, I am thoroughly convinced we can achieve a NASDAQ listing at least six months ahead of schedule. Together we are committed to promoting a corporate strategy that will solidify SyCoNet.com as the leading U.S. distributor of Anime products.''
Picon added, ''Our explosive sales growth over the last 45 days in combination with Ms. Jacobson's ability to fast forward our NASDAQ filing process, should list us on the NASDAQ no later than in the third quarter of 2000.''
SyCoNet.com, Inc., formerly SyCo Distribution, Inc., distributes Anime Japanese animated movies, including the Pokemon(r) video series, multimedia games and software, DVDs, CDs, toys, apparel, and related merchandise to over 1,000 wholesale and retail accounts nationwide through two high-traffic websites, a catalog, and direct sales campaigns. For more information on purchasing the Internet's lowest priced Anime videos, see www.animedepot.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time by the Company in reports and releases.
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Contact:
SyCoNet.com
Sy Picon, 703-366-3900
admin@altvidwar.com
or
OTC Financial Network
Geoffrey Eiten, 877-663-0266/781-444-6100 ext. 13
geiten@otcfn.com |
