To: Dogtooth who wrote (1077 ) 8/5/1999 10:33:00 AM From: david simns Read Replies (1) | Respond to of 1084
***NEWS OUT*** Audited Financials Now Available; Fully reporting status on target for Dynamic Information System and eXchange Inc. "DiSX" Business Wire - August 05, 1999 07:45 OREM, Utah--(BUSINESS WIRE)--Aug. 5, 1999--Dynamic Information System and eXchange Inc. (DiSX) (OTC BB:DIXS), the leader in broadcast/Internet media strategies, Thursday announced the release of the company's audited financial statements through Dec. 31, 1998. The audit was completed by Jones, Jensen & Company of Salt Lake City, a qualified SEC accounting firm. The company plans to release the un-audited statements January through June 1999 within the next three weeks. "These financial statements for 1999 will show significant revenue growth and a profit for the first time in the Company's history," said Eric Marchant, DiSX chairman. Marchant says everything is in place to make DiSX fully reporting. "All the information required for the Form 10SB will be in the hands of our attorney within 10 days. Becoming a fully reporting company is part of our overall strategy to give as much information as possible to our shareholders and potential shareholders. "We are deeply into the processes and fully expect to have this important transaction completed during this quarter," Marchant said. Through its holdings, DiSX provides recruitment marketing on the Internet and through Broadcast and Internet Media Services, a division of DiSX, the company promotes internet sites through the skilled use of traditional media. B&I has purchased radio and television in several major markets including Los Angeles, San Francisco, Houston and Salt Lake City. As a leader in broadcast/Internet strategies, DiSX is establishing solid relationships with respected broadcast groups such as Disney's ABC Television Network, BELO, the CBS/ABC Radio Network and others. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Dynamic Information System and eXchange Inc.) contains statements that are forward-looking. Statements relating to the future anticipated direction of the recruitment advertising industry, plans for future expansion, various business development advertising industry, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts are such statements. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Dynamic Information System and eXchange Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. CONTACT: DiSX Inc., Orem Robert Walz, 801/426-4600 or Investor Relations, Phoenix Mark Wolkos, 602/348-9282