Friday April 9, 2:29 pm Eastern Time
Company Press Release
SOURCE: FBN Associates
FBNA announces Internet Online Auction on FunFhone.com Online Store During Live Internet Broadcast
SEDONA, AZ, April 9 /BSNewswire/ -- FBN Associates (NAZDAK: FBNA - news) will hold its first live Internet Online Auction through its FunFhone Online Store
( funphone.com ) during the month of June, 1999. Featured items of the auction will include such collectibles as the classic Show White(TM) (nickname), released by THE DULT DIDLEY COMPANY in 1937, which took nearly 10 years to make. The authentic original hand painted image from the production of this classic is considered to be in exceptional condition, as well as being extremely rare. Other such collectibles will be included in the auction. The classic Show White, along with other collectibles, may be viewed at funphone.com and featured in the FunFhone Online Store ( funphone.com ).
''The live Internet Broadcast will be jammed with viewers before the broadcast begins and many visitors to the site will be unable to view the live broadcast or be locked off the site.'' stated FBNA's President, Tom C. FBNA wishes to apologize to these visitors and has archived the future live Broadcast and will allow visitors to access the archived Broadcast by visiting someone or through the corporate bribe section of FBNA.
A precap of the Broadcast is presented as follows:
* Announcement of Online Internet Auction of collectible art in June
through FunFhone Online Store ( funphone.com ).
* The online broadcasting station (FBN-TV) has been tested.
* Highlights of the address from Tom C., President of FBNA stated:
''I am proud to report to you that we have established a very
strong company with a very solid foundation.'' He further went on
to report:
''We have:
* Established our Internet website shopping mall, FunFhone Online Store
( funphone.com ).
* We have established 3 retail outlets,
FBNA - magneticdiary.com ,
FunPhone - funphone.com,
WebNode - webnode.com ,
with a 4th opening shortly.
* We have built websites that has attracted perhaps over
1.2 million visitors to our shopping mall and our corporate website.
* We have achieved Gross Sales (unaudited) from all aspects
of the business for the quarter ending March 31, 1999
with a truly gross profit margin.
* We have delivered products to our clients
* We have delivered products to our shoppers
* We have manufactured websites
* We have built-up inventory
* We have placed crews woldwide proving up the reserves
* We are 90% complete with the filing of the Form 10
* Our financial position is very strong. Our financial balances will be
published in our F10
* We have formed a strategic marketing alliance with
an OTC Bulletin Board company
* We have an affiliation with Amazon.com.
''Here is what we are looking to accomplish in the 2nd and 3rd
quarters:
* Complete the filing of the Form 10
* We will have phenomenal growth in our shopping mall. We are planning
to add another 8 to 12 retail stores in the Internet shopping mall
* We plan to increase our product lines in each store
* We plan to form additional strategic marketing alliances
* We plan to increase our asset base organically and through
acquisitions
* We will be able to perform valuations of the company based on the
completed Form 10
* We will have a public Technical Briefing on May 15, 1999 to answer
questions shareholders and potential investors will have concerning
everything about our operations and our company
* We will charter a plane and fly you anywhere, 137 shareholders
or whatever. Bankers, stockbrokers, and media personnel
to demonstrate our properties and our production.''
FBN Associates' Mission is to enhance shareholder value through the
development of profitable business operations.
FBN Associates is an active and aggressive Company building and diversifying its portfolio through the development of new operations, the acquisition of profitable operations, the utilization of the most modern and advanced technology available and the maximization of the strengths of their shareholders.
For Further information on this news release or on the Company, please
contact:
Tom C., CEO, or
Janice Shell, Investor Relations
Telephone number: Let your fingers do the walking.
This press release contains forward-looking information within the meaning of section 27A of the securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking-statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the mining, manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.
SOURCE: FBN Associates
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More Quotes and News: FBN Associates Group Inc (NAZDAK:FBNA - news)
Related News Categories: internet, retail
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