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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (6223)	6/8/1999 8:57:00 AM
From: Ga Bard	Read Replies (2) \| Respond to of 9440

NITE goes to the bid and look what comes out. ClearWorks.net Announces One Million Share Buyback Program; Company Seeks to Purchase at Least 1 million of its Shares in the Next 30-60 Days Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--June 8, 1999--ClearWorks.net (OTC BB: CLWK) announced today that it has begun a share buyback program, with the goal of acquiring at least 1 million shares. The purchase of 1 million or more shares is being financed from ClearWorks.net's cash reserves. The share buyback program is expected to take between 30 to 60 days to complete. According to Michael McClere, CEO of ClearWorks.net, "We believe that shares of ClearWorks.net are considerably undervalued at current levels, and we see this as an excellent opportunity to invest in ClearWorks' strong growth potential." ClearWorks, based in Houston, has a strategic goal of becoming a nationwide telecommunications company, building on its expertise in providing Bundled Digital Services(SM) to residential communities, commercial buildings and school systems. Certain statements in this release are forward-looking. Although ClearWorks.net (the Company) believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Merger Communications (Merger) is a media relations firm employed by the Company. Statements and opinions presented here represent the views of the company, not Merger, as the release is based on information provided by the Company. Merger and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger's compensation for its media relations services consists of a fee and stock. Merger can have a long position in the securities of the companies in which it distributes information for media use, and may be buying or selling securities in the course of its regular business. For more information on ClearWorks.net's services, please see the company's press releases on Yahoo' s (Nasdaq: YHOO) stock quote service at quote.yahoo.com, visit ClearWorks.net online at www.clearworks.net or contact David Drake or Trish Cunningham of Merger Communications at 713/267-2328 or daviddrake@earthlink.net. --30--LM/na* CONTACT: Merger Communications, Houston David Drake or Trish Cunningham, 713/267-2328