CYAA NEWS, LOOKS GOOD
Thursday December 2, 10:13 am Eastern Time
Company Press Release
CyberAmerica Corporation Announces Its Intention to Distribute Stock Dividend in Professional Wrestling Alliance Corporation
SALT LAKE CITY--(BUSINESS WIRE)--Dec. 2, 1999--CyberAmerica Corp. (OTC BB:CYAA) announced today that it intends to issue a stock dividend in Professional Wrestling Alliance Corporation (OTC BB: PWAA). PWAA is a start-up company that seeks to promote shows, including both rock-and-roll artists' concerts and professional women's wrestling matches as both television and pay-per-view events.
CYAA, through its consulting subsidiary Hudson Consulting Group, Inc. (HCG), currently owns in excess of 2,000,000 restricted shares of PWAA's common stock. HCG anticipates receiving additional 5,000,000 restricted shares of PWAA's common stock for consulting services rendered in conjunction with assisting PWAA in acquiring The Professional Wrestling Alliance Company.
CYAA plans to issue a stock dividend in PWAA consisting of one restricted share of PWAA for every two CYAA shares held by its shareholders on January 28, 2000, the record date. The issuance of the stock dividend is subject to CYAA's board of directors obtaining the necessary legal assurances from a qualified securities attorney that the stock distribution can be accomplished in compliance with all applicable state and federal securities laws.
CYAA is diversified holding company that specializes in investing and developing undervalued real estate and provides financial consulting services to public and private companies.
For more information on CyberAmerica's real estate holdings, please visit www.cyaa.com. For more information on the CyberAmerica's consulting services, please visit www.hudsonconsult.com. CyberAmerica strongly encourages that the above information be read in conjunction with its December 31, 1998 Form 10KSB and its September 30, 1999 Form 10QSB. CyberAmerica would also encourage investors to read the above information in conjunction with PWAA's (fka Jutland Enterprises, Inc.) December 31, 1998 Form 10KSB, September 31, 1999 Form 10QSB and PWAA's Form 8K filed on December 2, 1999. The above documents can be viewed at www.sec.gov.
Forward-looking statements in this release are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. 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, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Also see www.cyaa.com, www.hudsonconsult.com and www.otcfn.com/cyaa
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Contact:
CyberAmerica Corporation
Richard Surber, Director & CEO
801-575-8073 ext. 106
hudconsult@aol.com
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