Wednesday January 26, 8:16 am Eastern Time
Company Press Release
SyCoNet.com Files Form 10SB With SEC to Become a Fully Reporting Company
MANASSAS, Va.--(BUSINESS WIRE)--Jan. 26, 2000--SyCoNet.com, Inc. (OTC BB: SYCD), the leading U.S. distributor of Anime (Japanese animated) videos and DVDs, announced today that it has filed a Form 10-SB registration statement with the Securities and Exchange Commission (SEC) to become a fully reporting company, one of the necessary steps the company must take to advance from the OTC Bulletin Board (OTCBB) to Nasdaq.
Kathryn Jacobson, Chief Financial Officer of SyCoNet.Com, said, ``The filing of the Form 10-SB represents a significant milestone for us. The disclosure of the company's financial information will keep our investors and other interested parties better informed about the company's financial condition and performance. Everyone will now be able to track the growth in our core anime business while we expand into e-commerce and business-to-business solutions.'
SyCoNet.com, Inc, distributes Anime (Japanese animated) movies, including the enormously popular Pokemon© video series, multimedia games and software, DVDs, CDs, toys, apparel, and related merchandise to over 7,500 wholesale and retail accounts nationwide through two high-traffic websites, a catalog, and direct sales campaigns. It also provides business-to-business e-commerce, distribution, and communications solutions. For more information on purchasing the Internet's lowest priced Anime videos, or see www.animedepot.com and www.altvidwar.com.
Forward-looking statements in this release are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Also see www.syconet.com ,www.animedepot.com, and www.altvidwar.com, |
