IHTL -
Monday March 15, 7:32 am Eastern Time
Company Press Release
Para-Link Shareholders Approve iChargeit Merger
FORT WORTH, Texas--(BUSINESS WIRE)--March 15, 1999--
-Positioning the Company for Aggressive Growth in E-Commerce, Currency
Conversion, Cybermalls, Web-Based Fulfillment and Distribution Centers Already in Place With Private and Publicly Traded Entities-
Para-Link (OTC BB:PLNKD - news) today announced that the Company\022s shareholders have approved the Merger Agreement with iChargeit, Inc.
The merger was completed and the Articles of Merger were filed with the appropriate states. Additionally, the Company will be filing for a new ticker symbol with the NASD.
Jesse Cohen, CEO of iChargeit, commented, ''This merger represents a monumental opportunity for iChargeit as it continues its infiltration in a highly visible and growing market. The Company\022s existing alliances and Phase I launch, coupled with ongoing negotiations with a number of corporations seeking our services via the Internet, I contend, will garner not only recognition for our activities but great rewards for our shareholders.''
''The Company anticipates signing at least 2 public companies per week to be featured stores in the iChargeit Mall and 2 to 4 private company stores in Cyberswapmeet.com.''
iChargeit Inc. is an Internet based company whose iChargeit.com Cybermall and Virtual Arcade as well as the iChargeit Cyberswapeet.com websites, began Phase I deployment on March 1, 1999. iChargeit Inc.\022s key partners and anchor tenants include, but are not limited to, Preferred Voice International (OTC BB:PFVI - news), Winners Internet Network (OTC BB:WINR - news), Internet Media Corp. (OTC BB:USRF - news), Innovative Holdings and Technologies Ltd.
(OTC BB:IHTL - news) and Pacific Medical Group (OTC BB:PMGI - news).
iChargeit has several key agreements in place with Netgateway (OTC BB:NGWY - news) which utilize many of the unique features of Netgateway\022s ICC (Internet Commerce Center) into iChargeit's web sites and product lines.
Statements made in this news release that relate to future plans, financial results, market growth, or other projections, events or anticipated results are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Actual results may differ materially due to a variety of factors, including competitors with more resources available to them.
Contact:
Investor Contacts:
DeMonte Associates
Cynthia DeMonte/Sean Leous
212/473-3700
or
iChargeit Inc.
888/815-4390
E-mail: ichargeit@netgateway.net |
