Here is the upstart competition!
Montello subsidiary acquires domain name rrsp.ca
Montello Resources Ltd MEO
Shares issued 38,674,936 Jan 25 close $0.23
Wed 26 Jan 2000 News Release
Mr. Patrick Power reports
Canadian investment.ca Online Inc., of which Montello holds a 70-per-cent
interest, has through a wholly owned subsidiary, acquired the rights,
title, and interest in and to the domain name rrsp.ca. (Canadian
investment.ca Online Inc. holds the rights, title and interest in and to
the domain name: investment.ca.)
investment.ca will develop the rrsp.ca Web site to provide Canadians with
the on-line gateway to the Canadian mutual fund/RRSP industry where
Canadians annually contribute billions of dollars to their mutual fund/RRSP
accounts. According to the Investment Funds Institute of Canada, the member
association of Canadian funds, an average of $46.9-billion, has been
contributed annually over the past three years. Users of the rrsp.ca Web
site will be provided with a comprehensive, free-to-view, array of mutual
fund/RRSP information, education and user transaction opportunities. The
Web site will generate revenue from both corporate sponsorship ads and user
transaction fees. According to Statistics Canada, there are approximately
7.5 million Canadians placing a portion of their savings into mutual
funds/RRSPs annually which are held in 45.8 million unitholder accounts.
The rrsp.ca Web site will significantly strengthen investment.ca's ability
to fulfill its mission of becoming Canada's only investment portal: the
on-line gateway to the world investing in Canada.
A finder's fee will be paid for this transaction.
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