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

To: jon cameron who wrote (252)	6/17/1999 2:48:00 PM
From: PK	Read Replies (1) \| Respond to of 274

Toronto, Ontario, Jun. 17, 1999 (Market News Publishing via COMTEX) -- LaserMedia Communications Corp. has announced an agreement with XRNet Corporation which will enable LaserMedia's actfit.com and fitweek.com websites to reach up to five million health club members across North America by the end of 1999. XRNet, a subsidiary of 701 New Media LP, is the developer of the XRNet ClubSites program. Working with leading fitness club chains and consultants in the United States, including World Gym, Casey Conrad Communication Consultants, and Fitness Focus Inc., XRNet currently has agreements to deliver and manage websites for 2,500 clubs, with an additional 2,500 expected to be added before the end of 1999. As the average membership of XRNet's clubs is 1,000, this translates into a potential 5 million new unique visitors for LaserMedia's sites. Under the terms of the agreement with LaserMedia, dated June 15, 1999, XRNet grants exclusive rights to LaserMedia to supply its proprietary interactive software (Active Trainer and Active Planner) and its weekly e-zine FitWeek to the club sites managed by XRNet. As an additional benefit for LaserMedia, XRNet will sell advertising for the company's sites. LaserMedia will pay XRNet 15 percent commission on advertising sold by XRNet. "Targeting specific interest groups is a significant challenge on the Internet, and with our association with XRNet we have made major inroads in delivering our prime audience", said LaserMedia CEO Richard Hue. "As well as having a very positive effect on our traffic statistics, this agreement will give us the vehicle to deliver a quality audience to our advertisers." The ClubSites program provides fitness clubs with comprehensive professionally-designed websites covering all major aspects of each club's activities in the context of an on-line fitness journal. All components of the clubs' web sites can be updated daily by club personnel using common word processing skills. "Each site is dynamic and interactive and the content is presented in a fresh and topical way", said Bob Clapperton, Executive Vice President and Director of Operations at XRNet. "Club members are attracted to return again and again, building traffic for our sponsors and strategic partners. Actfit.com and fitweek.com will be key elements of each site, and we are confident that we will bring significant traffic to both LaserMedia sites." In other news, LaserMedia, in Press Release no. 33, stated that Thomas R. DiBenedetto, appointee to its Advisory Board, is a trustee of Massachusetts General Hospital. In fact Mr. DiBenedetto is an incorporator of the hospital and Joslin Diabetes Center. 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. -0- TEL: (516) 773-2477 Mark Cohen, The Pinnacle Group TEL: (516) 773-2477 Mark Cohen, The Pinnacle Grou TEL: (416) 977-2001 / (888) 639-0628 Carl Christie or Vince Balatbat ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. * end of story *