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Technology Stocks : tmrt/tmrte 2themart.com -- Ignore unavailable to you. Want to Upgrade?

To: trader14U who wrote (12)	9/17/1999 7:38:00 AM
From: Dalin	Respond to of 487

Friday September 17, 7:00 am Eastern Time Company Press Release Class Action Filed Against 2TheMart.Com Inc. On Behalf Of Shareholders Who Purchased Stock Between January 19, 1999 and August 26, 1999 LOS ANGELES--(BUSINESS WIRE)--Sept. 17, 1999--A class action lawsuit was filed in U.S. District Court on behalf of purchasers (the ''Class'') of 2TheMart.Com Inc., (''2TheMart'' or the ''Company'') (OTC:TMRTE - news) common stock between January 19, 1999 and August 26, 1999 (the ''Class Period''). On September 13, 1999, 2TheMart's ticker symbol was changed from TMRT to TMRTE indicating that the company is delinquent in its filings and may face removal from the OTC Bulletin Board. 2TheMart is an Internet based electronic commerce company which claims to be developing an auction web site in which parties will be brought together to buy and sell a variety of goods. Once fully functional, 2TheMart web site users will be able to browse through all items in a fully automated, topically arranged online service that is expected to be available 24 hours a day, seven days a week. 2TheMart.com shares increased 25-fold in January, after the company announced that its web site was in final development and expected to be up and running before the end of the second quarter 1999. 2TheMart shares have since lost 84% of their value after the Company revealed that the inauguration of its web site would be delayed and that it would need additional capital to remain viable. The defendants include 2TheMart, Steven W. Rebeil and Dominic J. Magliarditi. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period. Defendants' scheme included rendering false and misleading statements and/or omissions concerning the present and future financial condition and business prospects of the Company, as well as the financial benefits that would enure to 2TheMart and its shareholders. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Stull, Stull & Brody who have significant experience and expertise in prosecuting class actions on behalf of investors and shareholders. If you are a member of the class described above, you may, no later than November 12, 1999, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact plaintiffs' counsel Michael D. Braun at 888/388-4605 or via e-mail at mdb@secfraud.com.

To: trader14U who wrote (12)	9/17/1999 11:41:00 AM
From: who cares?	Read Replies (1) \| Respond to of 487

news.cnet.com Leading Net sites team on auctions to catch eBay By Kurt Oeler and Jeff Pelline Staff Writers, CNET News.com September 17, 1999, 6:30 a.m. PT update Microsoft, Dell Computer, Lycos, Excite@Home, and other leading high-tech companies will join together in a group of almost 100 Web sites offering a combined auction service intended to tackle market-leading eBay. The companies will share auction listings so that an item listed on one site can be found throughout the network, according to people familiar with the plans. As previously reported, the auction network is to be announced today. Doesn't look good for TMRT. The best they could hope to do would be to join this group, but then who's going to list an item on TMRT when they can do it for free with some of these big names and let it be seen by all. Oh wait, silly me, TMRTE doesn't have a web site, so they can't join in the fun. Well if they ever did get a web site up, the competition has raised the bar. CMB PS, Can't wait for the spin that gets put on this, LOL.