This joint venture arrangement was structured in such a way as to increase the balance sheet rather than impact the revenues of 1st Net. For instance Nickleby's is just now completing a Private Placement at $.60 per share. The value of our stock received in the J/V therefor is valued at $600,000. The company is anticipated to go public around the $3.00 range, thus increasing the value of our position to $3,000,000. If they are successful at there IPO and the Internet market stays hot this stock position could be worth 10 times that equating to $30,000,000.
This type of deal is one of our marketing strategies at 1st Net Technologies. Cutting Internet Marketing deals for cash and equity rather than just cash, giving us the upside that will increase shareholder value.
Hope this answered your question.
Have a great day!
Greg Writer
CEO
1st Net Technologies, Inc.
The foregoing statement may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited ''safe harbor'' for certain forward-looking statements. Forward-looking statements in this posting relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. |
