LOS ANGELES--(BUSINESS WIRE)--Dec. 16, 1999--Go OnLine Networks Corp.
(OTCBB:GONTE - news) announced today that the civil actions involving the former Jones
Naughton Entertainment Inc. and Real Estate Television Network Inc., which actions were entitled
Jones Naughton Entertainment Inc. v. AmeriNet Financial Systems Inc., San Bernardino County
Superior Court, West District Case No. RCV 35053, and AmeriNet Financial Systems Inc., et al.
v. Victoria Buckley, et al., District Court, City and County of Denver, State of Colorado, Civil
Action No. CV 3417 have both been dismissed with prejudice by all parties.
These actions were resolved to the satisfaction of all parties, with no admissions of any kind by the
parties. Pursuant to the settlement, HomeSpace Services Inc. (formerly known as AmeriNet
Financial Systems Inc.) transferred 200,000 shares of restricted common stock of its parent,
HomeSpace Inc., subject to certain rights of first refusal and other restrictions, and the sum of
$100,000 to Go On Line Networks Corp. Additional terms of the settlement are subject to a
confidentiality agreement among the parties.
This press release contains forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions
reflecting something other than historical fact involve risks and uncertainties. The actual results the
company achieves may differ materially from any forward-looking statements due to such risks and
uncertainties.
Contact:
Go Online Networks Corp.
Joseph Naughton, 714/736-0988
www.jnne.com
or
PMR & Associates LLC
Pat Rost, 760/942-0015
pmrandco@aol.com |
