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Microcap & Penny Stocks : lzmcf-lasermedia -- Ignore unavailable to you. Want to Upgrade?

To: usman ahmad who wrote (229)	6/8/1999 12:08:00 PM
From: PK	Respond to of 274

TORONTO--(BUSINESS WIRE)--June 8, 1999--LaserMedia Communications Corp. (NASDAQ:LZMCF) (CANADIAN DEALING NETWORK:LMCD.), creator of the interactive health and fitness website actfit.com and author of the highly-successful Active Fitness line of CD-ROMs, is proud to announce that Thomas R. DiBenedetto has joined its Advisory Board. Mr. DiBenedetto brings to LaserMedia over 25 years of broad experience in the securities and investment business. Since 1991, he has been President of Junction Investors Ltd., a firm which specializes in international finance, providing investment banking services to companies seeking investments abroad, as well as money management services for non-U.S. entities. Junction Investors is currently acting as sponsor of The Caucasus Fund, a proposed Caucasus regional investment fund which will be partly funded by a U.S. government entity. He has been President of Boston International Group, an investment company, and Olympic Partners, a real estate investment company, since 1983. From 1978 to 1982, he was a Vice-President at Allen & Company, a New York based investment company, and was previously employed by Salomon Brothers, Inc. and as an Associate in real estate finance with Morgan Stanley & Co. Inc. Mr. DiBenedetto is a partner of the Boston Red Sox Baseball Club and a director of several publicly traded companies. He serves as trustee of Trinity College and Massachusetts General Hospital. He is a member of the Center for Business and Government at the John F. Kennedy School of Government at Harvard University. In 1971 he graduated from Trinity College with an honors degree in economics, and received his MBA from the University of Pennsylvania Wharton School of Business in 1993. In other news, LaserMedia is pleased to announce that as of June 2, 1999, it intends to proceed, through arm's length transactions, with private placements of a total of 909,721 common shares of the Corporation at a price of $0.90 per share (totalling CDN$818,750) and 444,035 warrants entitling the subscriber to purchase one common share at $1.10 up to and including a date two years from the closing of this transaction. These placements are subject to shareholder and regulatory approvals. Proceeds are to be used for working capital. Actfit.com is the Internet's only fully-interactive health and fitness website. Log on to actfit.com for all your interactive health and fitness needs! Forward-looking statements and comments in this press release are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to increase the level of sales, complete future web sites or complete future acquisitions are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including, but not limited to, the risks related to the demand for the company's products and/or services, competition, and availability of capital. The information herein has not been approved or disapproved by regulatory authorities. --30--ik/sf* CONTACT: RT Equity Inc. Jack Wall or Vince Balatbat, 416/967-4779, 888/821-2800 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMED TELECOMMUNICATIONS MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *