Jim,
CRNC Con call next week,
rumored huge announcement
of acquisition next week as well.
Also more news this week rumored of course.
did you notice the PR from Monday?
best regards,
bigbuk
biz.yahoo.com
Monday August 2, 10:33 am Eastern Time
Company Press Release
Chronicle Communications Debuts Revolutionary
E-Commerce & E-Service Web Site:
GOTCASHBACK.COM
TAMPA, Fla.--(BUSINESS WIRE)--Aug. 2, 1999--Chronicle Communications, Inc., Tampa, Florida. (OTCBB:CRNC -
news) announced today that the Company has introduced a one-of-its-kind E-commerce and E-service site on the World
Wide Web at gotcashback.com.
With the click of a mouse button, the home buyer and the seller can qualify to receive a cash rebate immediately after the
closing of their real estate transaction. Refinancing can also produce a cash rebate to the home owner. All this and more will be
available at www.gotcashback.com.
The home buyer or seller visiting gotcashback.com will be matched with a top producing real estate professional, a mortgage
banker, a title insurance company, a moving company, a home inspector and a home owners insurance agent. Without moving
from in front of their computer, home buyers, sellers and owners can utilize gotcashback.com's services entirely free and qualify
for cash rebates on each element of their real estate transaction or refinancing.
Gotcashback.com will also offer home furnishing and related products to all home owners and renters at deeply discounted
prices through strategic affiliates.
Chronicle intends to establish itself as a leading provider of services and goods on the Internet.
Chronicle is launching its gotcashback.com service in the Greater Washington, D.C. metropolitan area, including Maryland and
Virginia suburbs. This market is the top residential real estate market in the nation with the highest pre capita Internet usage.
Gotcashback.com will be supported with an extensive media campaign to educate consumers and real estate professionals,
including advertising on the Internet and on radio, television and print. Subsequently, Chronicle plans to expand its E-commerce
and E-services into additional markets nationally, all supported by major advertising campaigns.
Mr. Whitman, Chronicle's chairman, said, ''I view this launch as an important component of changing Chronicle into a fully
integrated media and Internet player, with operations encompassing printing, publishing and Internet related services. This step
comes after extensive market analysis. We expect gotcashback.com to revolutionize the way consumers deal with residential
real estate transactions and purchases of home related products and services. Not only have we created an easy-to-use, one
stop destination for the home buyer, seller and owner, we are providing them cash back and significant discounts. I am pleased
on behalf of Chronicle to introduce gotcashback.com as the first of several E-commerce and E-service sites Chronicle plans to
phase in during the months to come.''
Chronicle has issued 125,000 shares of its common stock in the acquisition of seventy percent of Gotcashback.com, Inc., a
development stage company.
Chronicle Communications, Inc. is a fully reporting, publicly traded company quoted on the OTC Bulletin Board under the
symbol of ''CRNC.'' The Company, founded in 1996 and headquartered in Tampa, Florida, operates a commercial
web-offset printing plant in Tampa. Chronicle is the publisher of ''The Register,'' the only comprehensive directory of new
home builders' inventory homes available in the greater Washington D.C. Metropolitan area. The Register is published 23 times
per year with separate editions for Maryland and for Virginia. The company is expanding through capital improvements to its
printing operations. Bella, Hermida, Gillman, Hancock & Mueller CPAs are currently performing Chronicle's September 30,
1998 audit. Chronicle believes its 1998 10K will be filed in early August, 1999. Chronicle expects to be current with all of its
filings by the November, 1999 OTC:BB eligibility phase-in. Complete information, including links to the SEC's EDGAR
database, can be found at Chronicle's web site at chronicleinc.com.
Special Note: Management believes certain statements in this press release may constitute ''forward-looking statements'' within
the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's
views and assumptions regarding future events and business performance as of the time the statements are made. Actual results
may differ materially from those expressed or implied. Such differences may result from actions taken by the company prior to
its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic
conditions that may, among other things, affect the performance of the company's printing and publishing business, anticipated
acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect
performance of all significant company businesses. SOURCE Chronicle Communications, Inc.
Contact:
Chronicle Communications, Inc.
Lori Riscile, 813/248-0100
invrel@chronicleinc.com
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