Re Valuenet on ASE (VNE)not like BII but...read this.
FINANCIAL POST SURVEY Int'l News & Research Services
Story 1 Page 1 of 4 Symbol : VNE Cusip : 919911
Valu-Net Corporation Date : 98/06/27
Head Office -
Unit 119, Markham,
Ontario, Canada, L3R 9R6.
Transfer Agent -
Montreal Trust Company, Calgary
Listed - VNE: ASE
Company - Alberta July 29, 1996
A marketing, and technology company specializing in Internet
marketing solutions, integrated retail and business strategies and
electronic commerce and transaction technologies.
In July 1997, entered into an agreement whereby Scotiabank will
process its Internet transactions and provide Valu-net with credit card
processing services for Internet merchants.
Listed on ASE, April 25, 1997.
In October 1997, Faymar completed a reverse takeover of Value-Net on
the basis of two shares for each Value-Net share following which Faymar
was no longer considered a Junior Capital Pool.
PREDECESSOR DATA
Name changed from Faymar Capital Corporation, Oct. 30, 1997; basis of
reverse takeover.
Directors -
Gary Perkins, Director, chairman & president, Thornhill, Ontario.
Eric P. Salsberg, Director, secretary, Willowdale, Ontario.
David M. Lucatch, Director, Newmarket, Ontario.
Anthony R. Pearlman, Director, Newmarket, Ontario.
Major Shareholder -
David Lucatch held a 28.7% interest at August 31, 1997.
Capital Stock -
Authorized Outstanding (1)
1st pref unlimited nil
2nd pref unlimited nil
Common unlimited 22,400,000 shs.
(1)Apr. 30, 1998.
Auditors -
Daren, Martenfeld, Carr & Co., Chartered Accountant, Toronto, Ontario.
Current Financial Position -
For the six months ended Mar. 31, 1998, net loss was $685,990 or 3c
per share on revenues of $652,968. Figures for the year-earlier
comparable period were not provided.
Price Range - VNE
Year High Low Close
1997.... $4.45 $0.52 $1.75
Capital Changes -
In April 1997, completed initial public offering of 2,000,000 common
shs. for net proceeds of $180,000.
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