Expect news on financing (and acquistion?) shortly.
EZENET IN DISCUSSION WITH OCTAGON CAPITAL
TRADING FLOAT: 2 million shares ASE Symbol - EZE
ISSUED SHARES: 7.46 million shares
TORONTO, Feb. 29 /CNW/ - Ezenet, Inc. ("Ezenet") wishes to announce, at
the request of the Canadian Venture Exchange, that the Company is not aware of
any material changes in its business. Ezenet further announces that it has
engaged Octagon Capital Canada Corporation ("Octagon") with a view toward
raising capital to fund corporate expansion and marketing initiatives. The
terms of such financing are still under discussion and are subject to further
agreement.
About Ezenet Corp.
EZENET Corp. (CDNX: EZE) is a leader in developing high-tech and Internet
software solutions in today's technological and e-commerce market. EZENET has
created, developed, and managed a variety of software titles, hardware
support, and Internet capabilities which provide high-tech solutions to banks,
trust companies, insurance companies, and the consumer market. EZENET's
software expertise allowed for the development of "InstaBase", a unique,
powerful, yet simple software program that allows users to quickly create
databases of their own design and to publish their databases to the Web
without programming. Further information is available through EZENET 's
corporate web site at www.ezenet.com.
The Canadian Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information: contact: Terry Rogers, CFO, Ezenet Corp.,
Phone: (416) 482-3037, Fax (416) 482-0707, E-Mail: terry@ezenet.com,
Internet: www.ezenet.com; For Investor Relations information contact:
Gary Perkins, Phone: (905) 889-1711, Toll Free 1-800-225-2744,
Fax: (905) 889-2511; E-Mail - investorrelations@ezenet.com
-30- |
