(PR NEWSWIRE) HouseHold Direct Signs Agreement With Nutmeg Securities for Add
HouseHold Direct Signs Agreement With Nutmeg Securities for Additional
Financing
NEW YORK, Jan. 18 /PRNewswire/ -- HouseHold Direct.com,
householddirect.com (OTC Bulletin Board: BYIT), is pleased to
announce it has entered into an agreement with Nutmeg Securities, Ltd., a
nationwide Investment Banker, to secure $5,000,000 in financing which is in
addition to the financing announced via press release on January 13, 2000.
Terms and conditions of this financing will be announced upon closing.
This additional financing will assist HouseHold Direct to close the
pending acquisitions, further expand the marketing efforts, identify
additional acquisitions as opportunities present themselves, and advance the
accomplishment of the business plan.
John Folger, President and CEO of HouseHold Direct.com, comments, "We are
pleased to announce these major financing opportunities which are coming to
fruition. From our experience, it is unusual for an OTCBB company to secure
financing in the amounts announced yesterday, yet alone be offered this
additional financing from such a prestigious firm as Nutmeg Securities. We
believe these financing packages attest to the validity of the Company's
business plan."
Nutmeg Securities Ltd. is a nationally recognized firm with offices from
coast to coast. Founded in 1986, Nutmeg Securities has a strong and active
investment banking, corporate financing and syndicate department,
participating in over 100 offerings of both initial and secondary public
offerings. Nutmeg also has an established network of trading affiliates
around the world, and several international agreements to provide worldwide
trade executions and clearance.
HouseHold Direct.com ( householddirect.com ) offers a unique
cost-plus handling shopping service on the Internet. The company's Web site
allows consumers to purchase brand name products at direct manufacturer and
distributor prices. This arrangement works well for both consumers and
manufacturers -- consumers buy products without a retail markup and
manufacturers are able to offer specific products to qualified consumers.
Additional information on HouseHold Direct.com, including Frequently Asked
Questions (FAQ) can be obtained at 1stnettech.com
or by sending an email to: smartstockadvisor@yahoo.com .
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein, the statements in this press release are
forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
the company's actual results in future periods to differ materially from
forecasted results. These risks and uncertainties include, among other things,
product price volatility, product demand, market competition, risk inherent in
the company's domestic and international operations, imprecision in estimating
product reserves and the company's ability to replace and expand its holdings.
Contact: Investor Relations - SmartStockAdvisor.com
-- Toll Free: 877-643-8821, E-mail: smartstockadvisor@yahoo.com
-- Web Site: 1stnettech.com
SOURCE HouseHold Direct.com
-0- 1/18/2000
/CONTACT: Media Relations, Patrick Brink of LaBreche Murray,
612-392-7612, pbrink@labrechemurray.com , for HouseHold Direct.com, or
Investor Relations, Geoffrey Eiten of OTC Financial Network, 781-449-8696
ext. 13, geiten@otcfn.com /
/Web site: householddirect.com /
(BYIT)
CO: HouseHold Direct.com; Nutmeg Securities, Ltd.
ST: New York
IN: REA MLM
SU: FNC
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