Company Press Release
SOURCE: INNOVATIVE CYBERSYSTEMS
WatchOut! (d.b.a. INNOVATIVE CYBERSYSTEMS) Acquires 51% of WirelessON.com
NEW YORK, Feb. 2 /PRNewswire/ -- Kevin Waltzer, Chairman and Chief Executive Officer of WatchOut! (OTC Bulletin Board: WTCH - news) a fully reporting company, today announced the company's acquisition of a 51% ownership interest in WirelessON.com (http://www.wirelesson.com). The company anticipates revenues to grow in excess of 30 million over the next 1 to 3 years through this and other pending acquisitions.
WirelessON.com has shaped this technology into a series of Wireless Internet Access Services and Products that can be combined to provide a rock solid foundation for innovative high speed communications applications such as Microsoft® NT® Internet Information Server (IIS) 4.0. For Small Businesses it assists in making fuller more efficient use of the Internet and can help large businesses communicate more effectively with remote head office, stakeholders or other divisions within a particular geographic region.
Mr. Kevin Waltzer, Chairman and CEO of INNOVATIVE CYBERSYSTEMS stated: ''The Management of WirelessON.com is made up of exceptionally knowledgeable professionals in the wireless internet and virtual network arena. With the acquisition of WirelessOn.com, we look forward to rapid and synergistic continued development of their technology with the guidance and assistance that INNOVATIVE CYBERSYSTEMS can provide.
''With INNOVATIVE CYBERSYSTEMS primary direction toward high technology companies, we feel that WirelessOn.com will assist us in providing an exceptional opportunity for growth in shareholder value,'' Waltzer added.
INNOVATIVE CYBERSYSTEMS is also pleased to announce that Kevin Waltzer, Chairman and Chief Executive Officer of WatchOut! (d.b.a. INNOVATIVE CYBERSYSTEMS) will be on the next cover of Stockbroker Magazine. Stockbroker Magazine provides a readership of approximately 150,000 stockbrokers with informative articles on subjects that apply to their day-to-day business, and information on select emerging growth companies. Articles appearing in the next issue of Stockbroker Magazine include: ''Fees vs. Commissions -- Which Way to Go?'' ''How To Increase Your Closing Ratio,'' and ''The Successful Broker's Hidden Asset.''
Watchout!, Inc. d.b.a. INNOVATIVE CYBERSYSTEMS is a fully reporting Utah corporation which plans acquisitions predominately in the high-tech arena with emphasis on E-commerce and financial services.
CONTACT: JOHNSON AND ASSOCIATES : 877-893-8668
OR
STOCKBROKER RELATIONS, INC. 800-546-7950
FOR A FREE COPY OF STOCKBROKER MAGAZINE CONTACT:
GRANT DOUGLAS PUBLISHING: 407-949-9300
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's recent filings.
Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.
SOURCE: INNOVATIVE CYBERSYSTEMS |
