TWOE....this NR is one of many to come over the next weeks am told...
TWOE news: Profit,royalty,debt-free.
(PR Wires) PRW: 1TWOE.COM -- Sale of ICW3.COM, Inc.
PRW: 1TWOE.COM -- Sale of ICW3.COM, Inc.
GRAPEVINE, Texas--(BUSINESS WIRE)--Jan. 20, 2000--1TWOE.COM, Inc. (OTC
BB:TWOE) (pronounced "One TWOE") announced today that they have sold the
wholly-owned subsidiary, ICW3.COM, Inc.
The subsidiary is a software licensing and development company in
communications and Internet software. The precise terms and conditions are
not disclosed, but the company will make a profit on the transaction and
will receive a royalty on future transactions by ICW3.COM, Inc. The sale
will leave TWOE debt free, except for normal operating payables.
1TWOE.COM, Inc. is a cable management and operations company, specializing
in acquiring, operating, upgrading, and selling cable, communications, and
Internet-related properties and businesses.
Forward-Looking Statement:
Statements included in this press release which are not historical in
nature, are intended to be, and are hereby identified as "forward-looking
statements" for purposes of the safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended by Public Law 104-67.
Forward-looking statements may be identified by words including
"anticipate," "believe," "intends," "estimates," "expect," and similar
expressions. The Company cautions readers that forward-looking statements,
including without limitation, those relating to the Company's future
business prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in the
forward-looking statements.
CONTACT: 1TWOE.COM, Inc., Grapevine
Harry Nyce, 972/399-3512
09:01 EST JANUARY 20, 2000
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