hey anthony here is a major LOL!!!! ENJOY!
this dude istrying to casho out on the internet mania. a little late though!! major LOL!!!!! and another LOL!!!!
i have replaced Xs for the names...
ENJOY>>>
BOSTON(10/25/00)—Backed by the belief that the time is right to launch the next generation of e-commerce business, XXXXXXXXXXXX, a 66-year old self-made millionaire has come out of retirement to start XXXXXXXXXX.com, a web-based buying club that will provide its members the ability to comparison shop for the best deals on a wide variety of branded goods and services, all under one roof. The site is expected to provide an immediate solution for travel and travel related services where current sites are now being questioned regarding their pricing objectivity.
XXXXXXXXX.com will target as its members those who take pride in getting a bargain but don’t have the time to surf the Internet in search of them.
And, to incent initial membership, XXXXXXXX will give-away up to 5 million shares in his start-up over the next 60 months.
“We have a patent pending, proprietary business model that provides almost everything one needs in life-from travel and computers to HMO’s and prescription drugs-all under one roof,” explained XXXXXXXX, a Ph.D. who made his first fortune in chemical sales and later by investing in distressed companies and national real estate. “Unlike existing sites such as Travelocity and Expedia as well as future sites such as Orbitz that have come under recent media fire for pricing practices, XXXXXXXXX will be what I call a neutral site that merely links the buyer and seller. This will allow our members the chance to comparison shop and get the best discounts on a wide range of quality, branded products. Membership is free and those that sign up now will have the chance to own part of the company through our stock-giveaway. It’s a very exciting, risk-free concept in e-commerce that will benefit both parties, particularly in the travel business where we eliminate the middleman.”
XXXXXXXX is targeting an initial public offering of XXXXXXXXX this fall which he will underwrite himself. The stock-giveaway will begin immediately following the anticipated IPO approval by the SEC. Members of XXXXXXXX and other eligible participants will be able to take part in a series of random, monthly drawings with two first prize winners each receiving 10,000 shares of common stock; two second prize winners receiving 5,000 shares each and 200 runners-up each receiving 100 shares.
On December 31, 2000, an additional drawing is scheduled to be held with a grand prize of 100,000 shares going to one member. Subsequent drawings are slated to be held each New Year’s Day for the following five years.
According to a recent (April 2000) Media Metrix/McKinsey survey of 50,000 Internet users, 8% of the on-line population described themselves as “bargainers”. These individuals identify with being “frugal” and generally spend less time on-line. Within a total North American on-line population of 136 million, this group alone represents a base of 11 million potential members.
Unlike other sites that provide discounts on surplus and discontinued goods, XXXXXXXX claims that XXXXXXXXX members will have access to virtually all current goods and services sold by the site’s branded vendor-partners.
The XXXXXXX website, currently in test, will have categories of savings areas such as: airlines and other travel related products, HMO’s, prescription drugs, home goods, branded retail goods, music and entertainment, to name a few.
XXXXXX has recruited a list of highly respected business leaders to sit on the XXXXXXX.com board including: XXXXXXX, president of XXXXXXX Technology; XXXXXXX, former treasurer of XXXXXXX University and XXXXXXX, senior vice president of XXXXXXXX, Inc.
Once the membership base reaches critical mass, projected later this fall, the vendor lists will be finalized over the following months.
“The Internet is the biggest information revolution in the history of mankind and I want to be part of it,” concluded XXXXXXXX. “We see XXXXXXXX as the next Yahoo. It’s a win-win situation for both consumers and vendors.”
*A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet been approved. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This “communication” shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any State. |
