Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : DBPG-Deerbrook Publishing going online -- Ignore unavailable to you. Want to Upgrade?

To: kbert who wrote (19)	6/22/1999 10:21:00 AM
From: WhipsawMcGraw	Respond to of 91

Tuesday June 22, 7:00 am Eastern Time Company Press Release SOURCE: Deerbrook Publishing Group Inc. Deerbrook Publishing Announces Letter of Intent to Acquire Arts Alive Inc. And Artsalive.com Letter of Intent Outlines Expansion Plans for Framing Division Artsalive.com will Join Artup.com in E-commerce Art Auction and Retail Site PHOENIX, June 22 /PRNewswire/ -- Deerbrook Publishing Group (OTC Bulletin Board: DBPG - news) has announced that the company has signed a letter of intent to acquire privately held Arts Alive Inc. and Artsalive.com. Arts Alive specializes in custom framing for the art industry. Arts Alive is one of the premier sources of art framing for designers, art dealers and art consultants. The agreement also outlines immediate expansion plans for Arts Alive Inc. into other cities and art markets. Arts Alive Inc. had over 1.6 million in annual revenues for 1998. Deerbrook Publishing Group will buy Arts Alive with cash and stock. The price of Deerbrook stock will be at a premium of $1.50 and restricted for a 1-year period. Arts Alive expands Deerbrook Publishing Group into a new segment of the art industry. Deerbrook will now be able to use Arts Alive for framing Deerbrook's products that would generally be outsourced to other companies. This is the second acquisition in the past month for Deerbrook Publishing Group. The company has also announced a letter of intent to acquire Rebecca Fine Arts and artist Russell Chatham will be represented by Deerbrook Publishing Group. ''We have been very aggressive to find companies in the art industry that not only have a solid base business but have enormous growth potential. Arts Alive Inc. is a key company for our roll up strategy in the art industry,'' said Keith Chesser, CEO. Deerbrook Publishing Group Inc. also announced that Artup.com would be launched later this summer. Artup.com will function as a reseller for artists, galleries and individuals that display artwork on the site. Artsalive.com. will offer artists paintings and specially framed products on Artup.com, a premier Internet art auction and online retail site. Through the Internet's worldwide distribution capabilities, Artup.com has the potential to bring together more buyers and sellers of art objects than ever before. Artup.com is in the process of signing up galleries, collectors and individual subscribers to build its inventory of artwork for the first auction and online retail store. The site itself is in development and will feature unique content including artist biographies, works of undiscovered artists, art commentary and more. Sophisticated search technology will enable buyers to locate artwork based on genre, media, even color and size. Deerbrook Publishing, Inc. was incorporated in Colorado in March of 1997. The company's three subsidiaries are Signature Edition, Inc. an art publishing division, Cimarron Studio, Inc. a printing division and Artup.com the art auction and retail division formerly known as Enterarts/Interarts, Inc. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company. Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities. The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy cannot be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions. For further information, contact Investor Relations, 602-437-8888, fax 602-437-2845, or email ir@artup.com. Deerbrook Publishing and Artup.com are trademarks of Deerbrook Publishing, Inc. All rights reserved. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies. •artup.com•a division of Deerbrook Publishing Company•4644 South 36th Place•Phoenix, AZ 85040•info@artup.com SOURCE: Deerbrook Publishing Group Inc.

To: kbert who wrote (19)	6/23/1999 1:53:00 PM
From: WhipsawMcGraw	Respond to of 91

Wednesday June 23, 1:29 pm Eastern Time Company Press Release SOURCE: Deerbrook Publishing Group Deerbrook Publishing Foresees Revenues Exceeding 12 Million Once Acquisitions Close Companies Combined Had Over 8.6 Million in Revenues in 1998 PHOENIX, June 23 /PRNewswire/ -- Deerbrook Publishing Group (OTC Bulletin Board: DBPG - news) announced three letters of intent for key acquisitions in the art industry in the past month. The three prospective acquisitions are Rebecca Fine Arts, Arts Alive Inc., Artsalive.com and Fine Arts Limited Inc. The company has also announced that Deerbook Publishing Group would represent Artist Russell Chatham. The combined companies had over 8.5 Million in revenues in 1998. Deerbrook Publishing Group foresees revenues exceeding 12 Million after acquisition close. The companies are being acquired with cash and Deerbrook Publishing Group common stock. To prevent shareholder dilution at what has been a low stock price; the company priced the acquisitions with Deerbook Publishing Group stock at $1.50. The company expects the acquisitions to close in October of 1999. All three companies are currently profitable and anticipate the acquisitions to be accretive to earnings upon closing. ''The strategy of Deerbrook Publishing Group has been to find companies in the art industry that have a significant presence. We are pleased that these companies shared our vision. We were able to structure deals that focus to the future of Deerbrook Publishing. The ability to price the acquisitions at higher levels will solve our problem of dilution at a low stock price,'' said Keith Chesser, CEO. The company announced earlier today that it has signed a letter of intent to acquire Fine Art Ltd. Fine Art Ltd. is a producer and international distributor of fine quality original oil paintings sold through upper end furniture retail stores, interior designers and architects. Fine Art Ltd. had nearly $5,000,000 in annual revenues for 1998 and offers distribution channels for Deerbrook Publishing products. Deerbrook Publishing Group also announced that Artup.com would launch later this summer. Artup.com will function as a reseller for artists, galleries and individuals that display artwork on the site. Through the Internet's worldwide distribution capabilities, artup.com has the potential to bring together more buyers and sellers of art objects than ever before. This presents an excellent opportunity for cross marketing programs with strategic partners, and artup.com is seeking out companies offering complementary products and services. The company is in the process of signing up galleries, collectors and individual subscribers to build its inventory of artwork for the first auction. The site itself is in development and will feature unique content including artist biographies, works of undiscovered artists, art commentary and more. Sophisticated search technology will enable buyers to locate artwork based on genre, media, even color and size. Deerbrook Publishing Group was incorporated in Colorado in March of 1997. The company's three subsidiaries are Signature Edition, Inc., an art publishing division; Cimarron Studio, Inc., a printing division; and Deerbrook Online, the art auction and retail division formerly known as Enterarts/Interarts, Inc. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company. Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities. The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy cannot be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions. For further information, contact Investor Relations, 602-437-8888, Fax 602-437-2845, or email ir@artup.com Deerbrook Publishing and artup.com are trademarks of Deerbrook Publishing Group. All rights reserved. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies. SOURCE: Deerbrook Publishing Group