News Release from OSCR...................................
One Stop Car Receives First Stage Funding ForInternational Infrastructure Rollout
BROOKLYN, N.Y., March 30 /PRNewswire/ -- One Stop Car of Florida Inc. (OTC Bulletin Board: OSCR) the developer of the innovative shopss.com web site, announced today that it had received a commitment for the financing needed to complete the build out of a network of international IP gateways for voice and fax traffic. Installation of the first U.S. gateways is expected to be completed in April. Limited service is expected to be available in April with the network becoming fully operational in May.
"The commitment for financing received from a division of one of the major international banks is expected to be sufficient to build out and begin full operations of our planned network, although we may seek additional funding for other products or services at a later date," said Israel M. Rosenfeld, OSCR chief executive. "We have already made an initial payment to CMR Communications for delivery of their innovative Reindeer fax services. These services will be available through our public IP gateways and will also be available to members of our Shopss.com shopping service," he added.
One Stop Car of Florida is a communications company specializing in developing and marketing Fast Internet applications. It recently announced agreements in principle with Science Dynamics Corporation (OTC Bulletin Board: SIDY) to develop an IP Video-Phone and Set-Top Subsystems and with CMR Communications to offer CMR's Reindeer suite of real time fax over Internet services. OSCR plans to install gateways for facsimile and other IP phone services worldwide. For investor information about the Company, please e-mail TM SELF@aol.com.
The statements in this release regarding products and revenues are forward-looking and subject to risk and uncertainty, and future results could differ materially from past performance. The Company is currently in the process of completing a 10-SB to be filed with the SEC. It is the Company's intent to file those documents for the Company to become a fully reporting company under the 1933 and 1934 Securities Acts.
Contact: Trudy M. Self of Self & Associates, 818-880-5437, or fax, 818-880-4771, for One Stop Car of Florida Inc.
SOURCE One Stop Car of Florida Inc.
CO: One Stop Car of Florida Inc.; Science Dynamics Corporation
ST: New York, Israel
IN: CPR TLS MLM
SU:
03/30/99 13:45 EST prnewswire.com
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