WIZZF WIZ.A news out:
WSi to take 25% interest in Restaurant-Help.com and announces a private
placement to raise $500,000
VANCOUVER, Nov. 26 /CNW-PRN/ - WSi INTERACTIVE CORPORATION
Symbols: VSE-WIZ OTC-WIZZF
WSi Interactive Corporation is pleased to announce that it has negotiated an alliance with Restaurant-Help.com, pursuant to which it shall provide services to
Restaurant-Help.com in exchange for a 25% interest in that company.
Restaurant-Help.com is an online resource for restaurant owners and operators, designed to help the restaurant owner and operator meet the daily challenges of the
restaurant business. The site provides a venue for staff hiring, the purchase and sale of restaurant equipment and products, and a place to advertise the sale of
restaurant businesses themselves. According to the National Restaurant Association there are over 800,000 locations in the United States and more than 10.2 million
people are employed in the restaurant and hospitality industry.
''This alliance with Restaurant-Help.com, when combined with our recent launch of YourWineStore.com, enhances our position in the hospitality industry,'' said WSi
President, Theo Sanidas. ''Not only will WSi receive revenue from the alliance, the affiliation will help position YourWineStore.com as the industry leader.''
The Company also wishes to announce that it has negotiated a private placement for 1,250,000 units at $0.40 per unit. Each unit consists of one share and one
warrant to buy one share at $0.40 in the first year and $0.46 in the second year. The securities will be subject to a minimum four month hold period. The gross
proceeds of $500,000 will be used principally to provide additional working capital to finance the various projects the Company is developing currently. The private
placement is subject to regulatory approval.
The Business of WSi
WSi Interactive Corporation is an innovative Internet business development and marketing firm, whose objective is to capitalize on direct marketing opportunities on
the Internet. WSi builds, manages and markets online businesses in the financial, e-tailing and e-commerce, entertainment and e-advertising sectors.
To receive information on WSi by e-mail or fax, please forward your Internet address / fax number to info(at)ws-i.com / fax: 604 687 4990.
To fax your request please complete the following
NAME: ______________________________________________
COMPANY: ______________________________________________
e-mail address: ______________________________________________
PHONE No.: ______________________________________________
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WSi INTERACTIVE CORPORATION
200 - 1200 West Pender Street,
Vancouver, B.C. V6E 2S9
Toll free: (888) 388-4636
Telephone: (604) 681-8589
Fax: (604) 687-4990
Website: www.ws-i.com
ON BEHALF OF THE COMPANY
''Theo Sanidas''
Theo Sanidas, President
This news release may contain forward-looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general
economic conditions as they affect the Company's customers. Actual results and developments may therefore differ materially from those described in this release.
No regulatory authority has reviewed nor accepted any responsibility for the adequacy or accuracy of the contents of this release.
SOURCE: WSi Interactive Corporation |
