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Technology Stocks : IMNI -- Ignore unavailable to you. Want to Upgrade?

To: kbert who wrote (58)	8/26/1999 8:11:00 PM
From: kbert	Read Replies (2) \| Respond to of 64

IMNI news!!! Thursday August 26, 2:09 pm Eastern Time Company Press Release Interactive Multimedia Network, Inc. Files Form 10-SB With The SEC Interactive Convergence: Television-Internet-Retail The Business Paradigm Driving Sales JERSEY CITY, N.J.--(BUSINESS WIRE)--Aug. 26, 1999-- Interactive Multimedia Network, Inc. (OTC BB: IMNI - news) announced today that it has completed filing a Form 10-SB with the Securities and Exchange Commission. This initial filing begins the process of IMNI becoming a Fully Reporting Company and as such ensuring that individuals who are interested in the operations and plans of the company have access to complete and timely information. Included in the Form 10-SB is a complete narrative which delineates the business plans of IMNI. Also included, of course, are audited financial statements that chronicle the operational results of IMNI as it moved out of its start-up stages to the e-commerce force it looks to become. IMNI's financials show more than a 1000% increase in revenue from fiscal 1998 to fiscal 1999. IMNI's operational divisions and subsidiaries are listed with descriptions of the their respective business activities. Of particular interest is the information about IMNI's AutoSmart USA, Inc. which operates a major Internet automotive portal, www.autosmartusa.com, the first Internet new car showroom that allows consumers worldwide the ability to buy or lease a new car, truck or SUV as low as 2% over factory invoice. AutoSmart USA's highly regarded business model, Interactive Convergence: Television to Internet to Retail, differs from its for-fee or fee-per-lead based competitors, AutoByTel (NASDAQ: ABTL - news) and AutoWeb (NASDAQ: AWEB - news), in that AutoSmart USA charges no fees to the dealers in its network or to consumers for its automotive information. To view a complete copy of IMNI's Form 10-SB please visit the SEC's web site at www.sec.gov or go directly to edgarized version located at the following url: sec.gov Safe Harbor Disclosure - This Press Release contains or incorporates by reference ''forward-looking statements,'' including certain information with respect to plans and strategies of Interactive Multimedia Network, Inc., Shop-the-Net.com and AutoSmart USA, Inc., and AutoSmartUSA.com. For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words ''anticipate(s),'' ''believe(s),'' ''expect(s),'' ''intend(s),'' ''plan(s),'' potential(ly)'' and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause actual events or actual results of IMNI and its subsidiaries to differ materially from those indicated by such forward-looking statements. Contact: Interactive Multimedia Network, Inc., Jersey City Richard J. Verdiramo, 888/217-4137 E-mail: verdiramo@shop-the-net.com