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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (58036)8/4/2000 3:11:45 PM
From: on parole  Read Replies (1) of 150070
 
IIMC news:

Friday August 4, 12:57 pm Eastern Time
Press Release
SOURCE: Internet Multimedia Corporation
Internet Multimedia Corporation Completes Acquisition Of AmEurotech Corporation
CHARLOTTE, N.C., Aug. 4 /PRNewswire/ -- Internet Multimedia Corporation (OTC Bulletin Board: IIMC - news) announced today it has completed its acquisition of AmEurotech Corporation. Complete details of this transaction as well as up to date business development and financials will be released early next week. Today all terms have been agreed upon and both parties have signed contracts finalizing the transaction.

American Holdings Corporation dba AmEurotech Corporation is a North Carolina-based software and hardware technology company with $6.5 million in tangible assets and has ongoing business in Greece, Spain, the United Kingdom, and currently expanding its business into the United States and South America. The company's net earnings for fiscal 2001 are projected to be between $20 million and $25 million.
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