THE NEXT WCTI???? Could be and A LOT cheaper!
FOR IMMEDIATE RELEASE
PRESS RELEASE
DIAMOND EQUITIES,INC.
DIAMOND SIGNS LETTER OF INTENT TO
ACQUIRE GOPROFIT.COM,
THE FIRST WORLD WIDE FINANCIAL SEARCH ENGINE
Tempe, Arizona (March 3, 1999) Diamond Equities, Inc. (NASDAQ OTC
Bulletin Board: DDEQ) announced today that it has signed a letter of
intent to acquire a 100% ownership interest in Internet start-up
GOPROFIT.COM, INC. In consideration for Preferred Shares of Diamond
Equities, GoProfit will exchange all of its issued and outstanding
shares. GoProfit, a Nevada Corporation, is currently designing and
building the world's first proprietary financial search engine / Web
portal in concert with Internet infrastructure company, Inktomi
Corporation.
"There is a need for a next-generation world wide financial search
engine that breaks down language barriers, geographic barriers, and
finally addresses the fact that the world's financial markets are
interdependent," said David Westfere, President of Diamond Equities.
"GoProfit.Com is building such a search engine using proprietary
technology. In addition to English, the GoProfit search engine will be
able to perform search queries in most major languages. This enables us
to initially mirror our search engine site in 6 different languages in
order to better serve the world's financial community. Ultimately,
we're
planning to establish a presence in every financial region of the
world."
"We are assembling all of the necessary components to assure that
GoProfit becomes the world's financial search engine. To that end, we
are taking a global approach to building our business within an
extremely lucrative specialty market — the financial sector of the
Internet Industry," said David Firestone, President of GoProfit.Com,
Inc. "Furthermore, by becoming an integral part of Diamond Equities,
GoProfit will have the financial wherewithal to insure that its
business
plan is adequately capitalized."
GoProfit, The World's Financial Search Engine, is dedicated to
providing
the global community with equal access to all pertinent financial
information on a timely basis.
From time to time, the Company may issue forward-looking statements
which involve risks and uncertainties. This statement may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Actual results could differ and a
forward-looking statement should be considered accordingly.
For further information, contact David Westfere, President, Diamond
Equities, Inc. (602) 921-2760.
_________________________________________________________
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