Heres some stuff to chew on over the weekend......
Didn't see it mentioned before...
Heres the link:http://biz.yahoo.com/prnews/97/09/02/netz_nms_1.html
Tuesday September 2 12:43 PM EDT
Company Press Release
Source: Netmaster Group
Netmaster Group Offers to Invest in Network Six, Inc.
NEWPORT, R.I., Sept. 2 /PRNewswire/ -- NETMASTER GROUP (OTC BULLETIN BOARD:
NETZ) submitted an offer today to invest $1,500,000 in NETWORK SIX, INC., (Nasdaq:NMS -
news) as a passive investment.
Mr. Miller, Netmaster's Chairman, said, ''Our group has carefully analyzed the financial condition of
Network Six and believes a conditional investment in Network Six could be of great benefit to both
companies.''
The conditions proposed by Netmaster provide for Netmaster to settle the Hawaii litigation of
Network Six and replace and reduce its bank debt immediately.
A spokesman for Netmaster said, ''Network Six has excellent growth and profit potential, however,
neither Wall Street nor its shareholders can take the company, its potential or its stock price
seriously while its entire future is in jeopardy and subject totally to the Hawaii lawsuit and its eventual
outcome.
''If Network Six does not resolve the litigation in a timely fashion, its stockholders' equity, its listing
and its ability to bid on future business is in absolute jeopardy. Any adverse ruling or protracted
litigation would wipe out the entire company,'' he said.
Netmaster said it hoped that its offer of financing and settling the major litigation would be favorably
received by Network Six and its shareholders.
Netmaster acquires and finances software integration and Internet related concerns, and recently
acquired echoMEDIA, an industry leader in interstitial advertising on the Internet.
SOURCE: Netmaster Group
More news for referenced ticker symbols: NETZ, NMS, NWSS, and related industries:
advertising, computer.
Heres a little background:
networksix.com
pbn.com
networksix.com
Have Fun!!!!!
The Boogieman
P.S. Thanks for the History Lesson, guys.
But its not going to make me any money in NETZ.
Have a nice day!!!!!!!!!!!!! |
