The "official" email press release from Pat Rost:
GO ONLINE NETWORK CORP ACQUIRES WESTLAKE CAPITAL CORP. AND ELECTS SUCCESS
ISSUER REPORTING STATUS
BUENA PARK, CA, (Business Wire) January 11, 2000: Go Online Networks
Corporation (OTCBB: GONTE) (OTC-BB GONT) announced today that the company has
entered into a stock exchange agreement with Westlake Capital Corp.(a fully
reporting company) under which Go Online acquired 100% of the stock of
Westlake. Immediately subsequent to the stock exchange, Go Online elected
successor issuer reporting status under Rule 12g-3 of the Exchange Act. The
Company will file a Form 8-K with the SEC which will provide more information
on the stock exchange as well as appropriate financial information with
respect to the two entities. The Form 8-K filing, which is expected to be
available through the SEC's EDGAR system within the next 24 - 48 hours at
www.sec.gov, is Go Online's initial filing as a fully reporting company.
"Go Online's status as a fully reporting company should permit us to remain
publicly traded on the NASD OTC-BB and emphasizes our intention to keep
investors informed about our operations," said Joseph Naughton, CEO of Go
Online.
Go Online also announced that it had withdrawn its SB-2 Registration
Statement pending completion of financing arrangements with investors since
that filing is no longer required to obtain reporting status.
ABOUT GO ONLINE NETWORKS CORPORATION
Go Online Networks Corporation (OTC-BB GONT) is a Buena Park, California
Internet technology and marketing concern consisting of three core Internet
divisions, Go Online Kiosk Division, Shop Go Online and Auctionomics.Com
Go Online Kiosk Division
The Go Online Kiosk Division owns and operates audio visual Internet Kiosk
systems custom-designed to provide consumers access to the Internet from
public locations throughout the U.S.. The current focus is on obtaining
multi year exclusive site agreements from national hotel chains. Consumers
can access the Internet by paying with cash or credit card and can surf the
world wide web or send and receive e-mails. Additional revenues can be
obtained by selling screen saver, banner ads and popup advertisements.
Shop Go Online Division
Shop Go Online is an e-commerce business offering a wide variety of consumer
products to Cyber Shoppers. Many products are displayed using
state-of-the-art streaming video and audio technology enhancing the shopping
experience with rich media.
Auctionomics.Com
Auctionomics.Com is an e-commerce auction site that gives buyers through a
referral site developed with ClassifiedAuctions.com , the power to research
and locate specific assets being auctioned throughout the U.S., many of which
are not currently being offered for sale on the Internet. The site
incorporates advanced streaming audio and video technology that allows direct
on-line bidding - putting auctions, auctioneers and buyers in direct
communication throughout the world.
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 Corporation
Joseph Naughton
Chairman, 714/736-0988
Web site: www.jnne.com
PMR & Associates
Pat Rost, Investor Relations
760-942-0015 phone
pmrandco@aol.com |
