JNNE- VOLUME COMING IN ON ANTICIPATION OF
A MORE APPEALING NAME?????
the major contracts ...nothing..this volume comes in.. (COMTEX) B: Jones Naughton Entertainment Announces Plans for Corporat
B: Jones Naughton Entertainment Announces Plans for Corporate Name Change
LOS ANGELES, Aug 26, 1999 (BUSINESS WIRE) -- JonesNaughton
Entertainment, Inc. (OTC BB: JNNE), today announced the agenda for the
Company's upcoming shareholder meeting scheduled for September 8th,
1999.
Jones Naughton's shareholders will convene for the purpose of approving
changing the Company's name to Go Online Networks Corporation and
re-incorporating the Company as a Delaware corporation. This special
meeting will take place Wednesday, September 8th, 1999, at 1:00 p.m.,
Pacific Standard Time. The meeting will be held at the Embassy Suites
Hotel located at 1325 E. Dyer Road, Santa Ana, California 92705.
Notice of the meeting, and a proxy, have been sent to over 11,000
shareholders of record as of the close of business on August 12, 1999.
All eligible shareholders unable to attend are encouraged to complete
and return their proxy, or they can vote directly via the Internet.
Jones Naughton Entertainment is working to complete their SEC filings
for the purpose of becoming a reporting company, and will make its
filing immediately following the shareholders' meeting.
Company Profile Update
Following the announcement of the proxy count, members of Jones
Naughton's management will briefly present components of the Company's
business plan, as well as summary overviews of the Company's three
business divisions:
- The GoOn-line Kiosk Division - The ShopGoOnline.com e-commerce
Division
(http://www.ShopGoOnline.com ) - The Auctionomics Division
Additionally, representatives from several of Jones Naughton's business
partners, including Nicom Telemanagement, P.D.Q. Inc., Icom Networks
and Info Touch Technologies, will be present to answer shareholders'
questions relating to each company's relationship with Jones Naughton
Entertainment.
Kiosk Update
James Cannon, Director of the GoOn-line Kiosk Division, announced the
signing of three new hoteliers in Hawaii. GoOn-line's Internet Kiosk
Division has now signed more than 135 contracts for its Internet
service in hotels and motels, with service available in 31 states by
October.
Advertising Retraction
Joseph Naughton, Chairman of Jones Naughton Entertainment, expressed
his apologies to investors and shareholders of the Company for the
delay in executing a national newspaper campaign scheduled for
Wednesday, August 25th. "Our Company, with my approval, issued a press
release stating that, as part of a coordinated advertising campaign to
support our ShopGoOnline.com's business expansion, it would run
newspaper advertisements in eight major media markets yesterday. Due to
an unfortunate clerical error by a representative of our outside
advertising bureau, these ads were not placed for distribution as our
Company had planned.
"We apologize for this error and have taken the necessary steps to
ensure this does not happen again," said Mr. Naughton. "This short
delay will not, in any way, deter us from implementing the marketing
strategies necessary to grow this core business."
About Jones Naughton Entertainment, Inc.
Jones Naughton Entertainment, Inc. is an information technology
concern focused on combining traditional marketing methods with the
latest advancements in Internet technology. Through its GoOn-line
Division, Jones Naughton provides interactive Internet, advertising and
media buying services to a growing number of clients across the
country.
GoOn-line has also begun installing Internet kiosks in various hotels
and is aggressively pursuing kiosk agreements with a number of national
hotel chains.
Jones Naughton's subsidiary, GoOn-line.com (a Chico, California- based
Internet company specializing in the production of streaming video
infomercials over the Internet), offers Internet products and services
to consumers via e-commerce solutions available on the World Wide Web.
GoOn-line.com has just launched ShopGoOnline.com, a virtual shopping
mall Web site featuring a wide variety of products, some of which have
traditionally only been available frominfomercial companies advertising
on broadcast television.
Jones Naughton's growing list of Internet service and e-commerce
suppliers and partners includes: Icom Networks, Inc.; Nicom
Telemanagement, Inc.; DoubleClick, Inc. (Nasdaq: DCLK); Guthy-Renker,
Inc.; RealNetworks, Inc. (Nasdaq: RNWK); LinkShare Corporation; PDQ
Internet Services, Inc.; Website Results, LLC; and Info Touch
Technologies.
This press release contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Act of
1995. Expression of future goals and similar expressions reflecting
something other than historical fact involve risks and uncertainties.
The actual results the company achieves may differ materially from any
forward-looking statements due to such risks and uncertainties.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: Jones Naughton Entertainment, Inc.
Joseph Naughton, Chairman
714/736-9888
Web site: www.jnne.com
e-mail: joe@jnne.com
or
PMR and Assoc.
Patrick M. Rost, Investor Relations
760/942-0015
e-mail: PMRandCo@aol.com
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA HAWAII
INDUSTRY CODE: ENTERTAINMENT
COMPUTERS/ELECTRONICS
COMED
TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET |
