Newgold..... NGLD...... New Internet offering via a tracking stock
I did a news search on tracking stocks and found this. What do you think?
Friday March 19, 8:30 am Eastern Time
Company Press Release
NEWGOLD Makes Announcement
CLARKSBURG, Calif.--(BUSINESS WIRE)--March 19, 1999--A. Scott Dockter,
Chairman and President of NEWGOLD, Inc., (NASDAQ/OTC BB:NGLD) is pleased to
announce that NEWGOLD and Business Web, Inc. a cyber-community and management
company, organized under the laws of the State of Texas and based in Dallas, have entered into a Letter of Intent, to enter into
a Tracking Stock transaction.
This will result in a new hi-tech division within the umbrella of NEWGOLD, with the mining side of the company to continue as
NEWGOLD. Each division so created will be separate and be based upon its own operating systems and have a separate
Board of Directors.
Contemporaneously with this announcement Business Web, Inc. is conducting a private placement of up to 1,500,000 common
shares in the form of Special Warrants.
Business Web, Inc., with its two counterparts Cybermovers (www.cybermovers.net) and Business Web Now
(www.businesswebnow.com) translates the roles of a real-world moving and design company to the World Wide Web. The
company handles the concept, creation, execution, promotion and ongoing maintenance of business web sites In addition, the
company will be focusing its attention to the business to business vertical trade communities, including fully scalable
e-commerce solutions, on-line business interaction and downloadable product information.
For more information on NEWGOLD, please contact A. Scott Dockter at:
Telephone: (916) 665-1840
Fax: (916) 744-1516
E-mail: scott@newgold.com
For more information on Business Web, Inc. please contact Chris Meaux at:
Telephone: (817) 421-9770
Fax: (817) 421-9971
E-mail cmeaux@businesswebnow.com
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Some of the statements contained in this release are
forward-looking in nature. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks and
other related factors detailed in the Company's filings with the Securities and Exchange Commission.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE
Contact:
NEWGOLD, Inc.
A. Scott Dockter, 916/665-1840
scott@newgold.com
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