(BSNS WIRE) Go Online Networks Corp. Announces Acquisition of Net Strat Inc
Go Online Networks Corp. Announces Acquisition of Net Strat Inc.
Business Editors
BUENA PARK, Calif.--(BUSINESS WIRE)--Sept. 12, 2000--Go Online
Networks Corp. (OTCBB:GONT) Tuesday announced they have reached
an agreement to acquire 100% of the outstanding stock of Net Strat
Inc., based in Albuquerque, N.M.
Net Strat is a development stage Internet Strategies Co., with
substantial cash assets.
Joe Naughton, chairman of Go Online Networks said, "The
acquisition of Net Strat furthers the long range growth strategies of
Go Online Networks and will position our ability to acquire other
acquisition targets." Naughton added, "The company's securities
attorney's are in the process of completing appropriate SEC filings to
finalize the transaction and exchange of shares."
About Go Online Networks Corp.
Go Online Networks Corp. is a Buena Park Internet technology and
marketing concern, consisting of core businesses, including Digital
West Marketing, a computer service firm along with Internet Divisions
Go Online Kiosk Division, Shop Go Online, and its Business-to-Business
subsidiary GoOn-line.com.
Digital West Marketing Inc.
Digital West (www.DigitalWest.com) is a computer service firm
based in Chatsworth, Calif., north of Los Angeles. The company
operates out of a 24,000 square-foot facility. The core of Digital
West's business is to contract with major retail entities and computer
hardware manufacturers to refurbish computer products returned to
retail establishments by customers. The products are re-engineered or
refurbished to factory specifications by Digital West's factory
trained A+ certified technicians. Digital West is a multi-vendor
multi-product facility that provides value-added services, logistics
services, depot repair, and spare parts distribution for major PC
brands and system components including peripherals. Digital West deals
with more than 40 manufacturers to ensure an ability to handle
customer's requests for programs such as repair, part sales, advance
exchanges, cross-ships, emergency parts and other asset management
programs.
Go Online Kiosk Division
The Go Online Kiosk Division owns and operates audiovisual
Internet Kiosk systems custom-designed to provide consumer's access to
the Internet from public Locations throughout the United States. The
current focus is on obtaining multi-year exclusive site agreements
from national hotel franchisees. Consumers can access the Internet by
paying with cash or credit card and can surf the World Wide Web or
send and receive e-mails. Additional revenues can be obtained by
selling screen saver and banner ads.
Shop Go Online Division
Shop Go Online (www.ShopGoOnline.com) is an e-commerce business,
offering a wide variety of consumer products for purchase online. Many
products are displayed using state-of-the-art streaming video and
audio technology, such as Panoscan and IBM Hot Media, enhancing the
shopping experience.
GoOn-line.com B2B Division
Go Online Networks (www.GoOn-line.com) B2B division offers designs
for e-commerce sites for companies, in either Business-to-Business
(B2B) or business to consumer (B2C) realms, utilizing some of the
latest in technology available on the Web today.
This press release contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. Expression of future goals and similar
expressions reflecting something other than historical fact involve
risks and uncertainties. The actual results the company achieves may
differ materially from any forward-looking statements due to such
risks and uncertainties.
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CONTACT: Go Online Networks Corporations
Joseph Naughton, 714/736-9888 (Chairman)
Joe@GoOnlineNetworks.com
www.GONTINVESTOR.com (Investor information)
or
M. Johnson & Associates, Inc.
Brad Maxwell, 877/893-8668 (Dir. Public Relations)
JMarione@aol.com
www.mjaonline.com
or
Charterbridge Financial Group Inc.
Travis Christ, 619/696-8000 (Financial Relations)
tchrist@charterbridge.net
www.charterbridge.net
KEYWORD: CALIFORNIA NEW MEXICO
INDUSTRY KEYWORD: INTERNET E-COMMERCE MERGERS/ACQ
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