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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Bruce Bland who wrote (12397)2/23/1999 3:46:00 PM
From: Don Lachot  Read Replies (2) of 25711
 
ININ internet news:

February 23, 1999 03:32 PM
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 23, 1999--International Industries, Inc. ININ announced today they have purchased 98% of Goldonline.com.

The acquisition was made for an undisclosed amount of cash and stock from Internet Expressions Company of Westport, CT. Goldonline.com is a one-stop, premiere online jewelry store and is a fully secured e-commerce site.

The company will be adding online jewelry auctions which will include watches and other luxury jewelry items. It is expected the format will be similar to other interactive Internet auction sites such as the one run by eBay(Tm) EBAY .

Management's decision to make this purchase was based on two major considerations. First, they feel this will produce an immediate revenue stream to the company. Second

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