(PR NEWSWIRE) 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 *** end of story *** *** end of story *** |
