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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Rollcast... who wrote (13223)	8/9/1999 12:28:00 PM
From: Stock Watcher	Read Replies (1) \| Respond to of 52051

Roll; on NPTK; yes, day-traders running for cover today....sw

To: Rollcast... who wrote (13223)	8/10/1999 7:56:00 AM
From: 2MAR$	Read Replies (1) \| Respond to of 52051

A Little NEWS for NPTK might go well with the coffee this morning: (BSNS WIRE) NextPath Technologies, Inc. Secures $25 Million Strategic In NextPath Technologies, Inc. Secures $25 Million Strategic Investment from the Valentine Group Business Editors & Technology Writers HILLSBOROUGH, N.C.--(BUSINESS WIRE)--Aug. 10, 1999--NextPath Technologies, Inc. (OTCBB: NPTK) announced today that Valentine Strategic Investments Limited has agreed to invest $25 million in NextPath Technologies. The investment will be in the form of a purchase of 2.5 million restricted common shares of NextPath at $10 per share. According to the terms of the agreement between NextPath and Valentine, 1.25 million shares will be restricted for one year and 1.25 million shares will be restricted for two years. NextPath will receive $6.25 million on or before August 15, 1999 with the balance of the transaction to be completed on or before October 31, 1999. The proceeds of the investment will be used to complete the acquisitions of several cutting edge technology companies and to provide additional working capital. Valentine is actively engaged in initiatives ranging from the acquisition of equity positions in companies with advanced technologies to the financing and management of environmental clean-up projects. David Shotton, Managing Director of Valentine, emphasized that Valentine's interest in NextPath goes beyond that of merely an investment: "We have already begun to actively pursue with NextPath the development of a 'NextPath Europe.' We believe that the potential for application of NextPath's technologies, especially those in its 'Green Group,' have greater potential in Europe than in North America, where they also have tremendous promise." "With Valentine we believe we have found an ideal combination: an investor which will be actively involved with us to capitalize on the significant opportunities available in Europe," said Jim Ladd, President of NextPath Technologies, Inc. "This capital will be used to further our company's new business model of acquiring existing private companies that have synergistic technologies and show tremendous potential for rapid growth and profitability." The sentiments of Shotton and Ladd were echoed by Douglas McClain, Senior Executive for Mergers and Acquisitions for International Profit Associates (IPA), who was in London for the closing of the agreement between Valentine and NextPath: "We have been actively involved in the development and implementation of NextPath's corporate development strategy, and assisted in the selection of Valentine as their equity partner. The relationship with Valentine creates numerous possibilities for expansion of NextPath's efforts in Europe, which we believe will be a fertile ground for the use of its diverse, state-of-the-art technologies. We at IPA value the close working relationship we have developed with NextPath, and we are looking forward to continuing our involvement with NextPath and Valentine as they pursue the exciting opportunities available to them in Europe." NextPath Technologies, is a holding company that has acquisitions and strategic alliances pending that will allow the company to become a significant participant in a number of rapidly expanding technology market sectors. The Company has agreements to acquire NextWave Photonics, LLC, Laser Wireless Inc., Willow Systems Ltd. and Sagebrush Technology, Inc. NextPath is also currently in the final stages of negotiations with several Internet and E-commerce companies. It is anticipated that the corporate strategies currently being pursued will result in geometric increases in the profitability of the respective companies joining NextPath. Certain statements in this news release may constitute "forward looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ. --30--al/ny* CONTACT: Investor Communications Co. 800/511-4215 or 800/457-5579 KEYWORD: NORTH CAROLINA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED BANKING ENVIRONMENT EMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com