To: SSP who wrote (11174 ) 10/6/1999 2:58:00 PM From: Jim Bishop Respond to of 150070
KAZ.A news out, one down, and about 26 more to go I hear. KALISPELL, MT, Oct. 6 /CNW/ - Further to the press release dated September 21, 1999, Kazz Industries Inc. today announced that the Arizona Internet services provider in which it has obtained a minority shareholder position has released its new name - i360inc. ''We're taking the provision of Internet services to our clients to a higher level'', said Bill Cochrane, i360's chief executive officer. ''The name i360 reflects our dedication to the comprehensive provision of robust Internet services''. Mr. Cochrane, a former Motorola executive, has served as CEO of i360 since the company's inception in June 1999. Also announced by Kazz Industries was the appointment of several of its executives to the board of directors of i360. William S. Morton, Kazz Industries' President and CEO, has been appointed chairman of the board of directors of i360. Mr. Morton is also the majority stockholder in i360. William Stickel, Kazz Industries' chief financial officer, has been appointed director and treasurer of i360. As treasurer of i360, Mr. Stickel will be charged with administering i360's accounting, finance, and tax activities. Mr. Stickel, who joined Kazz Industries on April 1, 1997, will also continue with his duties as Kazz Industries' CFO. Tucson-based i360 is a next generation Internet services provider. The company creates unique value by developing, aggregating, and supplying Internet services for its clients. The company bundles best-in-breed web-based services and applications with Internet access and delivers those services to the desk-top computer and the set-top box. i360 offers customized portal and software solutions for its clients. Through its investment in i360, Kazz Industries intends to strengthen its position in the Internet and e-commerce arena, with the goal of obtaining an advertising and marketing channel for its products. ''We're pleased to be associated with a forward thinking company such as i360 and consider i360 to be an innovator in the Internet industry'', said William S. Morton. About Kazz Industries Kazz Industries Inc. is committed to the application and leveraging of revolutionary technological and conceptual innovations developed within Kazz Industries. Kazz Industries and its subsidiary identity Snowboards Inc. design, manufacture, and market state-of-the-art snow sports products with diverse applications. The companies' ''built-to-order'' snowboard product line, used by top World Cup racers, includes the world's first translucent snowboards that are completely recyclable and virtually unbreakable. Other Kazz Industries products include the innovative ''Vector'' goggles that provide the user with speed, temperature, time, and slope information on the goggle lens, the motor driven, retractable ''Talon'' ski poles, and the Synergy line of electronically-controlled downhill ski bindings. Kazz Industries intends for the technologies used in its advanced product line to be employed in diverse industries and worldwide markets. The company's main manufacturing facility is located in Kalispell, Montana. Note to editors: To view additional information about Kazz Industries Inc., please visit kazzindustries.com - the Kazz Industries Web page. Please visit identitysnowboards.com for more information about identity Snowboards Inc. The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. -0- 10/06/1999 For further information: Kazz Industries Inc., Investor Relations Department, (406) 755-2111, Canadian Corporate Office, (403) 265-0011 -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email. To update your email portfolio, point your web browser here: portfolio.newswire.ca Please address any questions about your portfolio to cnw@newswire.ca Visit newswire.ca to view CNW's unique, new Canadian Earnings information centre - the place to find comprehensive, up-to-date, earnings information and history for Canadian public companies. Tap the power of our website to access the most recent and complete earnings information available in Canada. Or get more company information by planning to attend one of the growing number of online earnings conference calls by visiting our site to learn the time, date and url for the call.