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Microcap & Penny Stocks : RIGN To Acquire Yellow-Page.net -- Ignore unavailable to you. Want to Upgrade?

To: RAYS who wrote (16)	6/16/1999 10:08:00 AM
From: RAYS	Read Replies (1) \| Respond to of 64

Same News:Business Wire:Yellow-Page.Net acquired!eom Yellow-Page.Net Becomes Wholly owned subsidiary of RIGL Corporation Business Wire - June 15, 1999 18:21 PHOENIX--(BUSINESS WIRE)--June 15, 1999--RIGL Corp. (OTC BB:RIGN), Tuesday announced that the acquisition of Telco Billing Inc. (TBI), which operates Yellow-Page.Net (www.yellow-page.net) one of the largest Internet-based yellow page and business directory services, has been approved by the majority of the RIGL shareholders and completed pursuant to the terms of the stock purchase agreement as amended. As a result of the acquisition Yellow-Page.Net has become a wholly owned subsidiary of RIGL Corp. Under the terms of the agreement, RIGL acquired all outstanding shares of TBI in exchange for 17,000,000 shares of the common stock of RIGL Corp. RIGL expects to record expenses in the third fiscal quarter of 1999 relating to the acquisition. Yellow-Page.Net contains listings for more than 18 million businesses in the United States and Canada and features a myriad of other online services, including business locators, detailed destination and mapping services, people finders (white pages), web site construction, sales leads and toll-free number directories. In addition, enhanced listings contain fax and 800# listings as well as direct links to business e-mail and web sites and place subscribers in a premium listing position located above the standard alphabetical directory listing section. Utilizing the full spectrum of Yellow-Page.Net services, a small business with or without a computer can have the full benefit of an Internet presence. TBI President Joe Carlson stated "We are excited to have this transaction completed, and are looking forward to the continued growth of Yellow-Page.Net and RIGL. Yellow-Page.Net will now have access to the RIGL development team and its technologies to expand the core services we offer. We feel this combination is the perfect example of the whole being greater than the sum of the parts." RIGL specializes in advanced hardware and software development of Asset Management and Information Retrieval Environments (AMIRE). The unique architecture is currently being developed for the medical and the multimedia/entertainment industries with numerous possibilities for future expansion into other industries. Except for the historical information contained herein, the matters set forth in this document are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are subject to risk and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof, and the company disclaims any intent or obligation to update these forward-looking statements. For more information contact: Peter DeKrey, Vice President of Investor Relations 4840 E Jasmine, Ste. 105, Mesa Az. 85205 - Phone: 602/654-9646 - Fax: 602/654-9727 CONTACT: RIGL Corp., Mesa Peter DeKrey, 602/654-9646 Fax, 602/654-9727 www.rigl.com TICKERS: OTC BB:RIGN