The FINX Group Closes Acquisition of Internet Marketing Company
ELMSFORD, N.Y.--(BUSINESS WIRE)--Aug. 4, 2000--The FINX Group Inc. (OTC BB: FXGP) Friday reported that its planned acquisition of a controlling interest in Internet marketer Shopclue.com has been closed.
According to Lewis S. Schiller, vice-chairman and chief executive officer of The FINX Group, the transaction involved 1,030,000 shares of the company's common stock.
Shopclue.com, based in Armonk, N.Y., is an application service provider that enables small- and medium-sized businesses (merchants) to establish an online presence rapidly and inexpensively by using the company's proprietary software, for which it has five pending patents.
This new acquisition, which becomes the sixth operation embraced by The FINX Group, will continue to be managed by Blake Schiller, its founder and president. Schiller said the company's website will be live, operational and open to merchants and the public starting today.
NOTE: Any statements contained in this release that are not statements of fact may be considered "forward-looking statements" as that term is defined under U.S. Federal security laws. Forward-looking statements are only predictions and may differ materially from actual events or results.
CONTACT:
Molesworth Associates Inc., Green Valley, Ariz.
Gordon Molesworth, 520/625-0550
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