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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: DanielleC who wrote (119373)3/21/2000 10:02:00 AM
From: john  Read Replies (1) of 119973
 
WIZZF news out.......
Attention Business Editors:

WSi Interactive to sell Stocksecrets.com to Internetfinancialcorp.com (OTC-IFAN)

WSi INTERACTIVE CORPORATION Symbols: CDNX - WIZ OTC - WIZZF

VANCOUVER, March 21 /CNW/ - Further to WSi's news release of February 4,
2000, WSi is pleased to announce that it is selling its Stocksecrets.com
business to Internetfinancialcorp.com (``IFAN'), a US public company the
shares of which trade on the OTC Bulletin Board market with ticker symbol
``IFAN'. Under the terms of the agreement, WSi will receive that number of
shares of IFAN equal to 49.9% of the shares issued and outstanding on closing.
IFAN currently has 15,000,000 shares issued. IFAN shares closed on Monday,
March 20th at $US4.93. WSi's shares will be subject to resale restrictions.
On closing, all of the directors of IFAN shall be nominees of WSi. WSi
shall continue to manage the Stocksecrets.com business for IFAN for a fee of
$US50,000 per month.
IFAN is a Los Angeles based financial Internet incubator that is
aggressively pursuing the acquisition of established financial service
companies both traditional and Internet based.
Stocksecrets.com was created in March 1999 to provide financial
information to investors across North America. Stocksecrets.com provides
investors with detailed information on small cap stocks. With the explosive
growth of the Internet since the mid-90's, the Web has become the investor's
most powerful tool, and the number of investors turning to the Internet is
growing at a rapid pace.
The transaction is subject to various conditions, including the drafting
of formal documents and the completion of a $US1 million financing by IFAN.
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