Infotopia Announces Plans For Stock Repurchase; Believes Plans Will Benefit Both National Boston and Infotopia Shareholders BOSTON, Aug 4, 2000 (BUSINESS WIRE) -- Infotopia Inc. (OTCBB:IFTP) announced today that it has made an offer to repurchase 8,167,387 million restricted shares of its stock from National Boston Medical (OTCBB Pink Sheets:NBMX) at a price of $0.15 per share, this purchase would be completed in monthly buy backs over the next 150 days. The company would utilize funds from the cash flows of the Torso Tiger and its equity line to facilitate this purchase. Infotopia President, Ernest Zavoral, stated: "In April of 2000, Infotopia was acquired by Dr Abravenal's Formula (DABV, which then changed its name and symbol to Infotopia, Inc.(IFTP)) from National Boston in Exchange for assuming the repayment of $2,500,000 of National Boston's debt and delivering 8,167,387 million shares of Restricted stock in Infotopia. In our recent quarterly Filing our shareholders can see that we continue to retire this acquired debt, and anticipate all debt being repaid by the end of our fiscal third quarter. Now we would like to do the same to those outstanding shares. It makes good sense for National Boston as well, because they need cash to revitalize their operations and restricted stock doesn't pay the bills. We also want to see National Boston's shareholders benefit from the $1.2 million that NBMX would receive through the sales that could be generated with cash from the purchase. This should afford the officers of National Boston Medical, Inc an opportunity to implement their launch and retain their rights to Bontempi Surgical Instruments Inc. It truly is a win-win Offer. Infotopia will update its shareholders as negotiations progress." About Infotopia: The Company's mission is to produce, market, and distribute an expanding line of high-quality, Innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety of marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission. CONTACT: Strategic Communications Matthew Westfield, 775-327-6215
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