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Thursday June 21, 8:48 am Eastern Time
Press Release
Internet Business's International Inc. Open Letter to Stockholders Regarding the Pending Merger and Share Exchange Agreement with Return Assured Inc.
LAS VEGAS--(BUSINESS WIRE)--June 21, 2001--The following is an open letter to stockholders from Internet Business's International Inc. (OTCBB:IBUI - news) regarding the pending merger and share exchange with Return Assured Inc. (Nasdaq:RTRN - news). This will be sent via e-mail, mail and through these releases.
Since there have been a lot of questions regarding the merger, management felt that the best way to respond is to restate the reasons and conditions for the merger and the steps required for its completion. This is the first of the releases.
The reason for the merger is that management has felt that the company has been undervalued for awhile, and probably a lot of other companies feel that is also true of their company. Management has few options with regard to that other than, as the phrase states, ``get the word out'' about their company, and if that was accomplished then maybe the company would be valued differently.
The company has tried different venues but was always limited with where and how it could ``get the word out'' because of the exchange it is listed on. One way to correct this is to move to an exchange such as Nasdaq, ergo reason number one, to further the company's ability to show the investment community the value of IBUI.
Therefore the moving from the OTCBB via the merger will accomplish getting the company listed on the Nasdaq.
Tomorrow and the following day the company will issue additional releases regarding the reasons and conditions for the merger with Return Assured. Note that the merger and share exchange is still subject to acceptance of the merger documentation by regulatory agencies and approval by the shareholders of each company.
About Internet Business's International Inc.
IBUI is a broad-based Internet company that generates revenue from the Internet through the products and services that it provides.
IBUI, through its four divisions, offers the following online services: direct marketing for ASP, B2B, B2C, e-commerce, online lending and leasing, and a national Internet Service Provider that offers Web hosting and design through dial-up Internet access, high-speed Internet access through DSL (in the Western United States), and wireless Internet which currently offers service in Las Vegas and Woodland, Calif.
With eight offices in the United States and one in Europe, IBUI has more than 120 employees. For more information on IBUI, visit the company's Web site at ibui.net or call Albert Reda at 877/541-9106.
About Return Assured Inc.
Strategically partnering with Lloyd's of London (http://www.lloyds.com) and IBM (http://www.ibm.com), Return Assured has developed a proprietary B2C and B2B value-added ``Return Seal of Approval'' for the electronic retail community that vets retailers with high standards and then indemnifies the consumer with a ``no-hassle'' guarantee in support of that particular retailer's return and customer service policy.
For more information on Return Assured and its exclusive ``Return Seal of Approval,'' visit the company's Web site at returnassured.com or call Matt Sebal at 877/807-4664.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Acts of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other then statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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Contact:
Internet Business's International
Albert Reda, 877/541-9106
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Related News Categories: computers, internet, publishing, telecom
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