Millennium Group Holdings Announces Investment in
Totalforceonline.com <MGHC.OB>
Millennium Group Holdings Announces Investment in Totalforceonline.com CHESTNUT HILL, Mass.--(BUSINESS WIRE)--March 28, 2000--Millennium Group Holdings, Inc.(OTCBB: MGHC-news) today announced an investment in Totalforceonline.com (TFO), an all military information portal based out of Boston, MA.
TFO's mission is to provide military personnel, their families, friends and enthusiasts a one stop resource of information pertaining directly to the Navy, Marine Corps., Army, Air Force, Coast Guard and the Department of Defense as well as access to shopping, sports, weather, etc. Because military personnel are located throughout the United States and the world, the portal is designed to inform and entertain our troops who defend our nation with an easily accessible website.
Millennium Chairman and Chief Executive Officer Robert Felleman commented "We decided to make an investment in this project for its uniqueness as an internet website. This is the only internet company we have screened that does not generate most of its revenues from advertising. In fact, all of the banner advertisements from their supporters are free." P. Mr. Felleman further notes that "we are also impressed with the profit sharing component for all military and non-military users, the allocation of profits to directly support educational and social services to military members and their focus on enlisted personnel....."this is a very interesting business model which we believe will succeed."
Totalforceonline (TFO) is also an interactive site which allows users to suggest links, products, stories, photos and information to enhance the usability of the web site. "It is a permanent work-in-progress site." Jonathan Sym, Founder,Chairman and CEO of TFO comments, " We are excited about the investment in our company from Millennium Group Holdings. It shows good faith of great things to come. They have shown great support and have given us the creative freedom to do our thing. We look forward to building this and other technologies with them to add value to both of our shareholders."
For more information about TFO, please go to www.totalforceonline.com
About Millennium Group Holdings, Inc. Millennium Group Holdings, Inc. is a Chestnut Hill, MA based holding company whose primary focus is to acquire and develop Internet and technology related companies. Millennium has filed a Form 10 and should be fully reporting shortly. The company is currently in negotiations with several emerging companies in the web design, internet travel and internet entertainment industries.
Statements regarding financial matters in this press release other than historical facts are "forward looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations including future revenues and earnings, and all other forward looking statements be subject to the safe harbors created thereby.
Since these statements (future operational results and sales) involve risk and uncertainties, they are subject to change at any time. The company's actual results may differ materially from expected results.
--30--gk/bos* CONTACT: Millennium Group Holdings, IncInvestor Relations Robert M. Felleman 617-964-2440 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire |
