Thursday March 11, 11:43 am Eastern Time
Company Press Release
SOURCE: WorldWide Web NetworX Corporation
WorldWide Web NetworX Acquires
50% Stake in Internet Applications of
Jencom Digital Technologies
MT. LAUREL, N.J., March 11 /PRNewswire/ -- WorldWide Web NetworX Corporation (OTC
Bulletin Board: WWWX - news) and Jencom Digital Technologies, LLC (Jencom) announced
today that WWWX has acquired a 50% interest in Jencom's proprietary cutting edge
WebCamera, SNapp(TM) PowerBroker(TM) and TrueSound(TM) products for 2,000,000
shares of restricted common stock and an additional 3,000,000 shares of restricted common stock
on a performance incentive basis and $900,000 of funding. This Agreement adds a set of powerful
e-commerce capabilities and products to WWWX's growing portfolio of Internet assets.
As part of the Agreement, WWWX also received a private equity investment from a major venture
capital investor of $3,000,000 for two million (2,000,000) restricted shares of it common stock.
These funds will be used for acquisition to further the Company's strategy of developing Internet
business.
Jencom, based in New York City with offices in Israel, is an innovator and developer of unique
Internet software systems and state of the art hardware products. Jencom develops web products
and software solutions from initiation through completion and employs expert programmers and an
award winning team of graphic designers. A team of support engineers, hardware technicians and
system administrators that enables them to deliver exceptional products and service maintains their
high tech work environment.
WWWX, is an incubator of leading-edge e-commerce solutions with direct e- commerce
marketing operations. The Company acquires and develops advanced technologies, which it either
develops into operating businesses or spins off to maximize shareholder value.
Robert Kohn, President and CEO of WWWX stated, ''certain of the recent transactions that
WWWX completed have advanced our Internet incubator business model. These include: the
purchase of entrade.com and a 25% interest in asseTrade.com with their subsequent sale to Artra
Group Inc. (NYSE: ATA - news) in exchange for 2,000,000 shares of the company's common
stock, which is subject only to shareholder approval; the acquisition of the ATM Internet
Technology with the purchase and launch of a 50% interest in ATMcenter.com; the development of
Internet Auction technology and the acquisition of the 50% interest in Jencom. These transactions
position WWWX in the forefront of e- commerce consolidation.
Henry Kauftheil, Chairman of Jencom, stated that ''the synergies between WWWX and Jencom
are unique in that we both have cutting edge technology products and are interested in combining
our marketing talents to promote leading internet solutions for distribution in niche markets. This
Agreement will allow us to focus our energies on revenue generation, marketing and mass market
penetration.''
Forward Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking
statements. Such forward-looking statements are necessary estimates reflecting the best judgement
of the party making such statements based upon current information and involve a number of risks
and uncertainties. Forward-looking statements contained in this press release or in other public
statements of the parties should be considered in light of those factors. There can be no assurances
that such factors or other factors will affect the accuracy of such forward-looking statements.
SOURCE: WorldWide Web NetworX Corporation
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