News Just out!
SAN FRANCISCO--(BUSINESS WIRE)--May 11, 1999--COSMOZ.com, Inc.
(OTC BB:CMOZ) announces that it has purchased a 49% interest in the
www.MBMagic.com website for restricted shares in the company.
Cosmoz.com also has the right to purchase the remaining 51%
interest in MBMagic.com, for restricted Cosmoz shares, upon
MBMagic.com achieving specific traffic and revenue levels.
Similar to other Internet Community based websites such as
GeoCities (NASDAQ: GCTY) and Xoom.com (NASDAQ: XOOM), www.MBMagic.com
is a Free Multi-Purpose Internet Community and Message Board Service.
MBMagic, which stands for "Message Board Magic," was recently
completely redesigned and re-launched with the assistance of the
Cosmoz.com team. The MBMagic theme and slogan is "Share Your Opinion,
Speak Your Mind."
MBMagic.com promotes open and interactive online conversation on
a wide variety of current event topics, which are organized and easily
navigated through eight channels or search facilities. MBMagic.com
also offers a variety of interactive polls and features designed to
enhance the useability, creativity and enjoyment of the users
experience.
MBMagic.com users can start their own message board, participate
in an ongoing conversation or relax and observe what others opine on
topics such as Current Events, Technology, Investment, Entertainment,
Sports, Lifestyle, Health and Hobbies. Additional features such as
real-time chat and games are also planned to be added to the website.
MBMagic.com is being acquired to advance three Cosmoz.com
Strategic Initiatives:
First, MBMagic.com is an attractive, exciting and fast loading
website which offers interactivity, commentary and current
information. MBMagic.com will be aggressively marketed to become a
popular destination for a wide demographic audience. The resulting
high traffic, niche market web based service should produce a loyal
customer base and growing advertising revenues as a stand alone web
based business.
Second, MBMagic.com will add significant traffic, revenue and
content value to the Cosmoz.com Portal Website. Interactive Message
Boards, Forums, Chat and Community based websites are among the most
widely visited internet affinities. It is essential to Cosmoz.com's
growth strategy to be able to offer so called "sticky sites" like
MBMagic.com. A variety of cross promotions will also be available to
the Cosmoz.com Network of Websites.
Third, MBMagic.com will become the platform for developing
proprietary Investment Forum Message Boards for the InvestorsGuru.com
and BuckInvestor.com Financial Websites. These Investment Forums will
be accessed through and maintain the look and feel of
InvestorsGuru.com and BuckInvestor.com.
In addition, hundreds of other financial websites, which do not
have message board technology, can sign up through MBMagc.com's
affiliate program to join its Investment Message Boards. A template is
being designed to easily and quickly allow other websites to customize
background colors,fonts and other features such as uploading logos and
graphics.
Cosmoz.com recognizes that several investment forum services have
message boards on the same stocks, but investors generally go to the
busiest message boards first, such as SiliconInvestor.com which is
owned by Go2Net (NASDAQ: GNET) and RagingBull.com which is partly
owned by CMGI Inc., (NASDAQ: CMGI). Our strategy is to pool the
message board traffic from hundreds of financial websites into the
same stock forums, towards creating the Largest Online Investment
Message Board Services.
About COSMOZ.com
COSMOZ.com's mission is to become a recognized leader in the
development, acquisition and investment of high-profile, high-traffic
niche market -- Internet-related businesses and web-based
technologies. COSMOZ.com's goal is to become a major force in the
Internet field and is dedicated to achieving this goal in a timely
manner. COSMOZ.com is currently negotiating several website
acquisitions and development projects for this year.
Certain information and statements included in this release
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, or achievements of the company to be materially different
from any future results, performance, or achievements expressed or
implied in such forward-looking statements. |
