FNTF ... Could be huge.
Applies to -- FNTF
Flintrock Acquires 82.5% of Tysa Corporation
Flintrock Acquires 82.5% of Tysa Corporation
RENO, Nev., Mar 1, 2000 (BUSINESS WIRE) -- Flintrock Financial Services Inc.
(OTCBB:FNTF) ("FNTF") wishes to announce that it has advised Tysa Corporation
("Tysa) (see news release dated January 31, 2000) that FNTF has exercised its
option to acquire an 82.5% interest in the outstanding shares Tysa, a private
company in Seattle, Washington, in exchange for cash consideration of US$835,000
and the issuance of 2,100,000 shares of FNTF.
Tysa operates a profitable automotive Internet and point-of purchase business in
Washington and California under the name Auteo Media (www.auteo.com). Following
a recent expansion into Northern California, Auteo Media combines a unique blend
of marketing media and products to consumers and car dealerships, each
synergistic, leveraging one to the other. Tysa's core business involves the
collection of vehicle data and onsite digital photographs in order to produce
point-of-purchase window labels and internet services to approximately 120
vehicle dealerships in Washington and California.
ON BEHALF OF THE BOARD Per: Abdul Janmohamed Chairman
The above statements with respect to Flintrock Financial Services Inc., which
are not purely historical are forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including Flintrock
Financial Services Inc.'s belief's, expectations, hopes or intentions regarding
the future. All forward-looking statements are made as of the date hereof and
are based upon information available to the parties as of such date. It is
important to note that the actual outcome and the actual results could differ
materially from those in such forward-looking statements. Factors that could
cause actual results to differ materially include risks and uncertainties, such
as technological, legislative, corporate, financial and marketplace changes.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: Flintrock Financial Services
Abdul Janmohamed, 604/685-1273
KEYWORD: NEVADA WASHINGTON
INDUSTRY KEYWORD: AUTOMOTIVE
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