EZ2Companies, Inc. Announces Reorganization
MIAMI, FL, Oct 16, 2006 (MARKET WIRE via COMTEX) -- EZ2Companies, Inc. (PINKSHEETS: EZTO) (the "Company") announced today that the debt currently held by Cornell Capital, will be purchased by the company's former CEO Mr. Otto
Bethlen.
"Mr. Bethlen and EZ2Companies, Inc. have entered into an agreement for the repayment of the company's debt to Cornell Capital, in return for the company's 67,000,000 million shares and the entire warrants agreement," commented EZ2Companies' current CEO, Jeff Berkowitz. "Mr. Bethlen has committed both time and funding to the Company," continued Berkowitz. "With this agreement our company will be able to cancel a significant amount of shares and increase shareholder value. This agreement was key to our merger with Lynx Petroleum."
About EZ2Companies, Inc.
EZ2Companies, Inc. is a provider of Internet-based services to its clients, ranging from dating and relationship services, rental services, Internet search and national mortgage services. The Company operates several Internet portals including EZ2Auction.com, EZ2Rent.com, EZ2Ask.com, EZ2Date.com, EZ2Swing.com, EZ2Mortgage.com and EZ2Vacation.com. The offerings are focused on building traffic and allowing targeted permission-based, opt-in email solicitation to users to co-brand products.
Jeff Berkowitz
EZ2Companies, Inc.
561-348-0524
SOURCE: EZ2Companies, Inc.
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