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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII

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To: jhild who wrote (4805)3/3/2000 10:32:00 AM
From: ColleenB   of 4814
 
Thursday March 2, 6:38 pm Eastern Time
Company Press Release

World Wide Net Inc. Sells Its Wholly Owned Subsidiary Modern Film Effects Inc. dba Cinema Research Corporation

KEMAH, Texas--(BUSINESS WIRE)--March 2, 2000--World Wide Net Inc. (OTCBB:WWNT - news) announces the sale of its wholly owned subsidiary, Modern Film Effects Inc. dba Cinema Research Corporation of Hollywood Calif., to Cinema Investment Group Inc. The consideration was paid in cash, notes and assumptions by Cinema Investment Group Inc. of certain liabilities.

This release may contain forward-looking statements that involve risks and uncertainties, including without limitations continued acceptance of the companies products and services, increased levels of competition, new products and technology changes, the companies dependence on financing, third party suppliers and intellectual property rights and other risks detailed from time to time in the companies federal filing, annual reports, offering memorandum or prospectus.

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Contact:

World Wide Net Inc., Kemah
John Stump or Rebekah Ruthstrom, 281/334-9479

biz.yahoo.com
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