Here's my guess:
LIFEONE, INC.
7212 Old Stage Road
N. Bethesda, MD 20852
(v) 301-984-0800 (f) 301-984-1626
For Immediate Release
Corporate Contact:
Brent Chapel 301-984-0800
LIFEONE TARGETS INTERNET SECTOR FOR REVERSE MERGERS
North Bethesda, MD, June 2, 1999 -- LifeOne, Inc., (OTCBB: LONE), (the "Company"), announced today more details of its revised business plan (see March 18, 1999 company press release) focusing on the spin outs of new public companies from LifeOne subsidiary shells.
LifeOne is currently negotiating reverse mergers of three internet companies into LifeOne subsidiary shells. The ownership structure that would result from a reverse merger would give LifeOne ten percent of the new entity with 90 percent owned by the internet company's current owners. As the reverse merger is completed, the merged company would be spun out from LifeOne. Of LifeOne's ten percent share of the new public company, nine percent would remain with LifeOne and one percent would be conveyed directly to LifeOne shareholders in certificate form. The owners of the merged company would retain their 90 percent share.
These transactions will require approval of the Securities Exchange Commission and may also require court approval.
Certain statements in this release may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Certain but not necessarily all of such forward looking statements can be identified by the use of such words as "believes," "projects," "expects," "may," "will," "should," or "anticipates," or other variations or by discussions of strategies involving risk uncertainties. The actual results of LifeOne, Inc. or industry results may be materially different from any future results expressed or implied by such forward looking statements. |
