Check this one out.....WCLT/ZeroNet
Zero.net Enters Into Agreement With WCollect.com
Corp.
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May 20, 1999-- WCollect.com Corp. (OTC BB:WCLT) has entered into
a non-binding Letter of Intent with www.Zero.net, a private company, whereby Zero.net would acquire all of the assets and
recorded liabilities of WCollect.com Corp., and all of its subsidiaries, affiliates and in exchange for the issuance of Zero.net
common shares.
This Agreement is subject to satisfactory due diligence by the management of Zero.net, and WCollect.com Corp. In addition,
shareholder, regulatory and WCollect.com Board approval will be required.
Zero.net is a Delaware incorporated company, whose initial funding was comprised of a mature portfolio of Internet companies
from Dominion Income Management Corp. and Maritime Capital Partners.
Through their ''cortal'' (corporate portal) they plan to participate in the operation of rapidly growing Internet businesses,
focusing on the business to business segment of E-Commerce.
Zero.net will provide the companies in their portfolio with capital, as well as managerial and financial advice from their Directors
and executives. Their experienced team of Directors and executives will be particularly valuable in regard to such matters as
mergers, acquisitions, and public and private share offerings.
Zero.net intends to become a publicly traded entity, during the 2nd half of 1999. It is also possible that the individual companies
in their portfolio may become publicly traded entities.
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Spinoffs? New company! Cool! Let's check it out!
FM
I don't own any yet...Selling off pennies today to pick up something...I will do some brief research this morning. Tell me what you all find.
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