ENCU dilution stops!!
eNucleus, Inc. Cancels Convertible Debenture and Announces its Return of 11.4M
Shares to Treasury
Business Editors
CHICAGO--(BUSINESS WIRE)--Dec. 30, 2002--eNucleus, Inc. (NASDAQ
OTC-BB: ENCU) today announced its decision to terminate its equity
line financing arrangement with Cornell Capital, LLC.
In connection with this decision the Company has begun the process
of withdrawing its SB-2 registration statement, for 11.4M shares, from
the Securities and Exchange Commission.
John Paulsen, CEO of eNucleus states, "The Company's decision to
pursue more traditional forms of financing displays a strong desire to
balance its business plan objectives with building lasting shareholder
value."
About eNucleus
eNucleus (NASDAQ OTC-BB: ENCU) is a next generation application
delivery and managed hosting company. Our target market is comprised
of system integrators, web developers, software providers and telecom
resellers. Our core product offerings include application delivery,
managed hosting, high-speed Internet access and data storage.
Together, this offering provides our clients with a scaleable platform
for the development of their ebusiness initiatives without the
extensive capital outlay otherwise required.
The information contained in this press release, including any
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934 contained herein, should be reviewed in conjunction with the
Company's annual report, financial filings and other publicly
available information regarding the Company, copies of which are
available from the Company upon request. Such publicly available
information sets forth many risks and uncertainties related to the
Company's business and such statements, including risks and
uncertainties related to that are unpredictable and outside of the
influence and/or control of the Company.
--30--AK/at*
CONTACT: eNucleus, Inc.
John C. Paulsen, 708/444-7300 |
