The Entertainment Internet Inc. Opens Investor Update Forum
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LOS ANGELES--(BUSINESS WIRE)--July 6, 2000--The Entertainment
Internet Inc. (TEI)(EQS:EINI) today announced that it will include
open letters from management as part of its continuing efforts to keep
investors and others abreast of developments in the corporation's
business.
Open letters and responses to frequently asked questions (FAQs)
are posted on TEI's corporate Web site at www.eini.net.
TEI Chief Operating Officer Jeremy Schuster said introduction of
the open letter forum is part of an effort to provide investors with
insights into TEI's operations and the developments associated with
its business plans.
Schuster said: "The open letter and FAQ postings will provide
credible information on a timely basis, allowing investors to obtain
their information directly from the corporation, rather than through
speculative and often factually incorrect posts made elsewhere by
third parties."
The first letter, penned by Schuster following the close of the
calendar quarter on June 30, 2000, reviews significant events
associated with the corporation's turnaround plan and addresses
specific investor concerns in detail.
About TEI
Currently, TEI's subsidiary operates the Castnet.com(TM)
electronic communities that help actors, casting directors and talent
agents electronically communicate with each other and receive instant
responses to specialized data searches.
TEI's Castnet.com(TM) systems provide users with access to a
sophisticated virtual private network that offers security,
performance and reliability matched to the needs of the entertainment
industry.
TEI's database resources and Castnet.com(TM) services are used by
more than 300 casting directors, 185 guild franchised agencies and
32,000 actors across the United States, with additional subscribers
being added daily. The Castnet.com sites have the approval of the
Producers Guild of America.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This release contains forward-looking statements
involving risks and uncertainties that may cause actual future events
or results to differ materially and adversely from those described in
the forward-looking statements. Important factors that may cause such
a difference for The Entertainment Internet Inc. include, but are not
limited to, risks of delays in preparation and introduction of new
services; dependence on outside and third-party service providers,
consultants and attorneys; dependence on third-party software
developers for a significant portion of new products and services;
risks of rapid technological change and platform change; intense
competition; risks of product defects; dependence upon licenses from
third parties; risks associated with present and future capital
requirements; dependence upon key personnel; and risks associated with
domestic business, intellectual property disputes and other factors
discussed in the company's filings from time to time with the
Securities and Exchange Commission. The Entertainment Internet Inc.
disclaims any obligation to revise or update any forward-looking
statement that may be made from time to time by it or on its behalf.
CONTACT: The Entertainment Internet Inc.
Elizabeth Cantu, 323/857-9820 (investor relations)
Info@eini.net
KEYWORDS: CALIFORNIA
INDUSTRY KEYWORD: INTERNET ENTERTAINMENT
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