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Microcap & Penny Stocks : GONT - GO ONLINE NETWORKS ( old symbol: JNNE ) -- Ignore unavailable to you. Want to Upgrade?

To: VAB cowboy who wrote (151)	10/8/1999 1:06:00 PM
From: CSage	Read Replies (1) \| Respond to of 1063

NEWS LOS ANGELES--(BUSINESS WIRE)--Oct. 8, 1999--Go Online Networks Corporation (OTCBB:GONT), today announced that it has filed a Form SB-2 with the Securities and Exchange Commission to register up to $12 million in new securities for sale to the public and to become a fully reporting company when the registration is cleared and effective. The Company will sell the newly registered shares in negotiated transactions to investors through key funding sources at prevailing market prices. "We are working diligently to meet all of the SEC's requirements in a timely fashion. Our commitment to our shareholders and to the investing public is to provide them with as much information as possible about events occurring at Go Online Networks Corporation. We are pleased to report that we have completed our audit, and the necessary forms have been submitted to the SEC for approval," stated Joseph Naughton, Chairman of Go Online Networks Corporation. Mr. Naughton concluded: "We are actively courting several funding sources that have expressed a strong desire to infuse the necessary capital needed to achieve our growth objectives laid out in our business plan and described in the filing. Achieving fully reporting status will serve to substantially broaden the scope of potential interest from brokerage houses, analysts, institutional investors and other more traditional investors for our Company. Through the recent months, our three core businesses, ShopGoOnline.com, Go Online Kiosk and Auctionomics, have generated a major impression on numerous established investment interests. Achieving fully reporting status is a clear requirement for most of these entities to further such interest in GONT. We are confident the successful completion of our filing will enhance our position in the shareholder community and serve to further preserve and enhance the shareholder value of GONT." About Go Online Networks Corporation (formerly Jones Naughton Entertainment, Inc.) Go Online Networks Corporation is an Internet technology concern focused on combining traditional marketing methods with the latest advancements in Internet technology. Through its GoOn-line Division, Go Online Networks provides interactive Internet, advertising and media buying services to a growing number of clients across the country. GoOn-line is currently installing their custom Internet kiosks in numerous hotels across the country and is aggressively pursuing kiosk agreements with a number of national hotel chains. Go Online Networks' subsidiary, GoOn-line.com (a Chico, Calif.- 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 launched www.ShopGoOnline.com , a virtual shopping mall Web site featuring a wide variety of products, some of which have traditionally only been available from infomercial companies advertising on broadcast television. Go Online Networks has also recently launched their unique auction Web site: www.Auctionomics.com . This e-commerce auction gives buyers the power to research and locate specific assets being auctioned throughout the U.S., many of which are not currently being offered for sale on the Internet. The site incorporates advanced streaming audio and video technology that allows direct on-line bidding -- putting auctions, auctioneers and buyers in direct communication throughout the world. Go Online Networks' 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. --30--MG/dx* CONTACT: Go Online Networks Joseph Naughton, Chairman, 714/736-0988 JOEJNEI@AOL.com Web site: www.jnne.com or PMR and Associates Patrick M. Rost, Investor Relations 760/942-0015 PMRandCO@AOL.com or Go Online Networks Jeff Reynolds, Vice President/Director of Marketing 310/566-7322 jeff@eofficesuites.com or ShopGoOnline.com Scott Claverie, President 530/891-4100 Web site: www.ShopGoOnline.com KEYWORD: CALIFORNIA NEW YORK INDUSTRY KEYWORD: ENTERTAINMENT PUBLISHING RETAIL COMPUTERS/ELECTRONICS INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Symbols: US;GONT Source: BW - Business Wire