WR, LB and Friends. <b>NO HYPESTERS OR SCAMMERS</b> Message Board

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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS

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To: Can Do Stocks 2 who wrote (3871)	3/22/1999 6:00:00 PM
From: Jeffrey D	Read Replies (1) of 13776

Some further news on DWNS. Jeff << Downstream Announces the Go Ahead on Netbilling's Audit SALT LAKE CITY, March 22 /PRNewswire/ -- Downstream Incorporated (OTC Bulletin Board: DWNS) today announced that its negotiations with Netbilling are proceeding. After officers from both companies met in Las Vegas last week to discuss possible structures of the merger, the officers of Netbilling gave the go ahead on the audit necessary to complete a merger between Downstream and Netbilling. The letter authorizing the audit was signed and sent by Netbilling to the auditors on Thursday morning the 18th of March. The independent auditors are expected to begin the audit of Netbilling this week. Netbilling currently performs secure on-line credit card processing for thousands of sites on the world-wide-web, and has been growing steadily. Its site can be found at www.netbilling.com. According to Jupiter Communications, total e-commerce is expected to grow from 7.1 billion in 1998 to 41.1 billion dollars by the year 2002. ActivMedia, Inc. believes e-commerce will reach 1.2 trillion by the year 2002. Whatever the actual figures may eventually be, the need for secure on-line credit card processing will grow in direct proportion. Downstream believes that Netbilling's reputation for dependable, friendly service, and some of the most reasonable rates on the internet, will make it a leader in the secure on-line billing sector of e-commerce. By making this most important and timely acquisition, Downstream hopes to become a major participant in the secure billing sector on the world-wide-web. Downstream is very excited about the future. The Board of Downstream would also like to direct readers of this press release to the article about the Netbilling Downstream merger as reported by Red Herring (the online business magazine) on the morning of March 15, 1999. The article can be found in the archives of Red Herring at: www.redherring.com. >>

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