WELU- PICKED UP SOME...LOOK LIKE SAME KIND
OF SITUATION WITH LITH....AND MOVES QUICK..
(COMTEX) B: STOCKHOLDERS OF WELLNESS UNIVERSE CORPORATION STAND TO BE
B: STOCKHOLDERS OF WELLNESS UNIVERSE CORPORATION STAND TO BENEFIT FROM SYNPAN'S
INITIAL PUBLIC OFFERING
NEW YORK, Jan 20, 2000 /PRNewswire via COMTEX/ -- George Charles
Pappas, Chairman and CEO of Synpan Corporation and Wellness Universe
Corporation (OTC Bulletin Board: WELU) said that the shareholders of
Wellness Universe Corporation will be given an opportunity to convert
their WELU shares into Synpan shares at a discounted rate.
Mr. Pappas also said "WELU shareholders will be given conversion
rights, with excellent discounted terms and will benefit from Synpan's
announced plans to file an SEC registration statement for a proposed
initial offering of its common stock for approximately $1 Billion in
proceeds.
"The Synpan Business Model intends to generate revenues primarily from
the following sources: SynpanCard.com Purchasing Power, Corporate
Advertising, Sponsorships, Electronic Commerce, Affinity Marketing,
Premium Content Subscriptions, Features, Strategic Partnerships and
Proprietary Databases. ThankYouGOD.com (please LOGIN) has been
brilliantly timed, conceived and received by a leading ISP's for a
joint-venture agreement."
The statements contained in this Press release may contain
forward-looking statements. Actual or results may differ materially as
a result of risks facing Synpan or actual results differing from the
assumptions underlying such statements. Such risks and assumptions
include, but are not limited to, risks related to competion and market
acceptance of our service and products, ability to conclude, establish
and maintain strategic relationships, ability to increase sales and
market awareness, and ability to complete the Synpan initial public
offering of the amount of proceeds, if any. All forward looking
statements will be expressly qualified in their entirety by the "Risk
Factors" and other cautionary statements to be included in Synpan's
public filings.
SOURCE Synpan Corporation
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: George Charles Pappas of Synpan Corporation, 212-744-0091,
pappas@synpan.com
(WELU)
GEOGRAPHY: New York
INDUSTRY CODE: MLM
CPR
SUBJECT CODE: OTC
*** end of story ***
(COMTEX) B: STOCKHOLDERS OF WELLNESS UNIVERSE CORPORATION STAND TO BE
B: STOCKHOLDERS OF WELLNESS UNIVERSE CORPORATION STAND TO BENEFIT FROM SYNPAN'S
INITIAL PUBLIC OFFERING
NEW YORK, Jan 20, 2000 /PRNewswire via COMTEX/ -- George Charles
Pappas, Chairman and CEO of Synpan Corporation and Wellness Universe
Corporation (OTC Bulletin Board: WELU) said that the shareholders of
Wellness Universe Corporation will be given an opportunity to convert
their WELU shares into Synpan shares at a discounted rate.
Mr. Pappas also said "WELU shareholders will be given conversion
rights, with excellent discounted terms and will benefit from Synpan's
announced plans to file an SEC registration statement for a proposed |
