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

To: Francois Goelo who wrote (29)	8/28/1999 1:09:00 AM
From: Brinks	Read Replies (2) \| Respond to of 53

Thursday August 26, 4:36 pm Eastern Time Company Press Release FinancialWeb.com Announces SEC Compliance and Meets NASD Requirements to Maintain OTC BB Listing Company Complies With All SEC Filing Policies ALTAMONTE SPRINGS, Fla.--(BUSINESS WIRE)--Aug. 26, 1999--FinancialWeb.com, Inc. (OTCBB: FWEBE - news) announced today that it has been informed by the Securities and Exchange Commission (``SEC') that there will no further comment regarding its Form 10-SB filing. As such, it has become a fully reporting public company, and is in full compliance with SEC reporting rules. The Company has thus qualified under the new rules of the NASD (National Association of Securities Dealers) to maintain its listing on the OTC Bulletin Board© (``OTCBB'). The NASD has informed the Company that its ticker symbol will be returned to FWEB by Monday, August 30,1999, and that it will maintain its listing on the OTCBB. Kevin Lichtman, President and CEO of FinancialWeb.com, stated, ``We are quite pleased to be one of the 40-50 percent of companies to satisfy SEC reporting requirements, and thus qualify under the new NASD rules to maintain our OTCBB listing. The NASD's decision to limit OTCBB listing to those companies which comply with SEC reporting rules enhances the OTCBB as a reliable source of information about quality, smaller companies for interested investors.' Under the new NASD rules, which will be fully implemented by June 2000, any domestic company that does not file periodic financial reports with the SEC will be eliminated from the OTCBB. FinancialWeb.com Inc., (www.financialweb.com ) founded in 1997, is an Internet content provider which distributes financial information, including the popular Stock Detective investigative journal (www.StockDetective.com), Wall Street Guru analyst opinions search engine (www.WallStreetGuru.com), plus news, stock and options quotes, market data, mutual fund research, stock and fund screeners and more, free of charge through its 18 individually branded sites under the FinancialWeb.com network. In connection with the ``Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995, the Company wishes to caution readers that this news release contains certain forward-looking statements made by or on behalf of the Company, and that such forward-looking statements involve risks and uncertainties; and as such, could affect actual results and could cause results to differ materially from those expressed in such forward-looking statements. ``Forward-looking statements' are defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specifically, all statements other than statements of historical facts included in this press release regarding the Company's financial position, business strategy and plans and objectives of management of the company for future operations are forward-looking statements. These forward-looking statements are based on beliefs of the Company's management, as well as assumptions made by the information currently available to the Company's management. --------------------------------------------------------------------------------