(COMTEX) B: HOUSEHOLD DIRECT.COM, INC. ANNOUNCES AGREEMENT AND PLAN O
B: HOUSEHOLD DIRECT.COM, INC. ANNOUNCES AGREEMENT AND PLAN OF MERGER
NEW YORK, Mar 10, 2000 /PRNewswire via COMTEX/ -- HouseHold Direct.com,
Inc. (OTC Bulletin Board: BYITE) announced today that it has executed
an Agreement and Plan of Merger pursuant to which Cross Check Corp., a
Colorado corporation will be merged with and into HouseHold Direct.com,
Inc.
HouseHold Direct.com, Inc. (http://www.householddirect.com) will be the
surviving corporation in such merger and will succeed, as successor
issuer, to the existing registration of Cross Check Corp. under the
Securities and Exchange Act of l934. The merger will be consummated
within the next 10 days and within 15 days thereafter a Form 8K
describing the transaction and HouseHold Direct.com, Inc. will be filed
with the Securities and Exchange Commission and Nasdaq.
John Folger, the President of HouseHold Direct.com, Inc. stated that
"The merger will permit HouseHold Direct.com, Inc. to satisfy its
registration and reporting requirements under the Exchange Act; achieve
compliance under the eligibility rules governing the Nasdaq OTC
Bulletin Board; and actively pursue its acquisition program."
Additional information on HouseHold Direct.com, including Frequently
Asked Questions (FAQ) can be obtained at
1stnettech.com or by sending an email to:
smartstockadvisor@yahoo.com .
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein, the statements in this press release are
forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the company's actual results in future
periods to differ materially from forecasted results. These risks and
uncertainties include, among other things, product price volatility,
product demand, market competition, risk inherent in the company's
domestic and international operations, imprecision in estimating
product reserves and the company's ability to replace and expand its
holdings.
CONTACT: Investor Relations -- SmartStockAdvisor.com
Toll Free: 877-643-8821, E-mail: smartstockadvisor@yahoo.com
Web Site: 1stnettech.com
SOURCE HouseHold Direct.com
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Patrick Brink of LaBreche Murray, Media Relations,
612-392-7612, or pbrink@labrechemurray.com; or Geoffrey Eiten
of OTC Financial
Network, Investor Relations, 781-449-8696, ext. 13, or
geiten@otcfn.com, both
for HouseHold Direct.com
WEB PAGE: householddirect.com |
