Web Capital Group (WBCG), mini-CMGI Message Board

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Non-Tech : Web Capital Group (WBCG), mini-CMGI

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To: chalu2 who wrote (1)	1/16/2000 12:44:00 PM
From: Hamiltonian	of 15

Here are two recent recent press releases from the company. This may explain the recent jump in the stock price .................. Web Capital Group Announces a $9 Million Private Placement To Expand Internet Operations Company Also Confirms Release of Audited Annual Financial Results MARINA DEL REY, Calif., Jan. 14 /PRNewswire/ -- Mr. Garrett K. Krause, President and CEO of Web Capital Group, Inc. (OTC Bulletin Board: WBCG - news) announced that the Company has completed a $9 million Private Placement. Mr. Krause added that the new equity infusion would be used to continue the funding the Company's 3wVentures.com incubator unit and FutureVest.com e-finance subsidiary operations. A portion of the new capital will be allocated for the continued development of 3wVentures.com, Inc. and its new state of the art 50,000 sq foot Internet technology campus, SiliconLosAngeles.com. Funds will also be used to finance the global e-finance operations of FutureVest.com. FutureVest.com a next generation capital provider in the digital age will use its Internet technology platform to offer a comprehensive suite of online trading and investment banking products and services during the first quarter of 2000. The company also recently signed an agreement with leading Wall Street firm Herzog Heine Geduld to provide clearing services for FutureVest Securities online trading transactions. The Company also confirmed that it would release its three-year audited financial results for the fiscal years 1997 through 1999 at the close of trading Friday, January 14, 2000. The Company will become a fully reporting public company by filing its Form 10-SB registration statement with the Securities & Exchange Commission on Tuesday, January 18, 2000. Mr. Krause commented: ``This capital infusion comes at an optimal time for the Company as our Internet-related operations are moving forward at a rapid pace towards capitalizing on the trillion dollar Internet phenomenon. With $9 million in new financing, Web Capital Group will have sufficient assets, operating history and stock price to meet all Nasdaq listing requirements. We will make application to the Nasdaq NMS market upon acceptance of our Form 10 SB registration statement.'

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