WIZZF WIZ.V news out.
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 30, 2000--
Further to WSi's news releases of March 27th, WSi (CDNX:WIZ)
(OTCBB:WIZZF)has been advised by Internetfinancialcorp.com,
Inc.(OTCBB:IFAN) that IFAN has today secured a $1 million US
financing, which is a condition of the sale of WSi's Stocksecrets.com
business to IFAN. IFAN will be issuing 400,000 shares at $US2.50 each.
On completion of the Stocksecrets.com sale and the financing, WSi
will own 7,684,600 shares of IFAN out of an issued share capital of
15,400,000 shares, which will be equal to 49.9% of the issued share
capital of IFAN. These shares shall be subject to resale restrictions
and must be held for at least one year.
The Business of WSi
WSi Interactive Corporation is an innovative business development
and marketing firm whose objective is to capitalize on direct
marketing opportunities on the Internet. WSi builds, manages and
markets online businesses in the financial, e-tail and e-commerce,
entertainment, and e-advertising sectors.
WSi focuses on early-stage companies where it can add significant
value to the investment through a network of relationships and
strategic alliances, and uses its experience to help Internet
companies build traffic, develop brands, and capitalize on a variety
of revenue streams.
In this regard, WSi is modeling itself on CMGI (Nasdaq:CMGI). Like
CMGI, WSi started as a direct marketing agency in 1990 and has grown
to become a specialist in e-advertising and e-commerce. WSi plans to
establish itself as a recognized leader in the Internet economy by
creating a one-stop shop for e-commerce, e-advertising, financial
information, and entertainment.
WSi properties include: Medianetsolutions.com, Targetpacks.com,
Westernshores.com, Stocksecrets.com, Yourwinestore.com;
Healthcreator.com, Investmentworldnews.com, and several others.
To receive information on WSi by e-mail or fax, please forward
your Internet address / fax # to: info@ws-i.com / fax: 1-877-499-5806.
For fax requests, please complete the following:
NAME:
COMPANY:
E-MAIL:
PHONE#:
FAX#:
Toll free: 1-888-388-4636
Fax: 1-877-499-5806
Website: www.ws-i.com
ON BEHALF OF THE COMPANY
"Theo Sanidas"
Theo Sanidas, President
This news release may contain forward-looking statements that
involve risks and uncertainties, including the impact of competitive
products and pricing, and general economic conditions as they affect
the Company's clients. Actual results and developments may therefore
differ materially from those described in this release. No regulatory
authority has reviewed or accepted any responsibility for the adequacy
or accuracy of the contents of this release.
--30--LS/na*
CONTACT: WSi Interactive Corporation
Theo Sanidas, 604/681-4911
KEYWORD: INTERNATIONAL CANADA
INDUSTRY KEYWORD: ADVERTISING/MARKETING INTERNET
TELECOMMUNICATIONS E-COMMERCE ENTERTAINMENT MERGERS/ACQ
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