EUNI didn't you mention this one to me, just got this email:
he Stockpage October 13, 1999
The Stockpage would like to welcome all new readers of The Stockpage
Newsletter.
If you would like to have your name removed from The Stockpage
newsletter, please send an email to remove@thestockpage.com.
Today, eUniverse, Inc. (EUNI - OTC: BB) announced that it had signed a
binding letter of intent to acquire FunOne.com (http://www.funone.com).
Founded in 1998, FunOne is an entertainment and community hub, with over
250,000 unique visitors per month (as reported by Media Metrix).
The full press release follows below.
For a full company profile, please visit thestockpage.com
EUniverse, Inc.
Investor Relations: Contact: Jennifer Gardiner;
Toll Free at 1-800-797-5683 or 416-203-0016
Email: jennifer@thestockpage.com
Web Site: www.euniverse.com
PRESS RELEASE EUNI
****************************************************************
eUniverse to Acquire FunOne.com
eUniverse Has Signed a Definitive Agreement to Acquire FunOne.com,
Adding Unique Entertainment Property to the eUniverse Network
WALLINGFORD, Conn., Oct. 13 /PRNewswire/ -- eUniverse, Inc. (OTC
Bulletin Board: EUNI - news), an entertainment community and ecommerce
network with more than 2.5 million unique users, today announced that a
binding letter of intent has been signed to acquire FunOne.com
(http://www.funone.com). Founded in 1998, FunOne is an entertainment and
community hub, with over 250,000 unique visitors per month (as reported
by Media Metrix).
''The acquisition of FunOne further demonstrates the rapid growth of
eUniverse,'' said Brad Greenspan, Chairman of eUniverse, Inc. ''I am
pleased to report that this marks our fifth acquisition since becoming
publicly traded in April of this year. Through each new property we add
we expand the eUniverse reach and add greater value to the network as a
whole. As we continue to grow, we are establishing eUniverse as the
premier entertainment destination for 'Generation Web'.''
FunOne, ''the Official Home of Fun,'' provides online greetings,
cartoons, joke lists and gags. Subscribers can receive weekly jokes and
send fun electronic greetings to their friends. Upon the closing of the
acquisition, which is expected within 30 days, FunOne founder and CEO
Don Burgess will continue to maintain operations for the company.
''By becoming part of the eUniverse network of sites, FunOne is opening
wonderfully exciting new doors for its members,'' said Don Burgess,
FunOne CEO. ''There is a perfect synergy between the eUniverse network
of commerce and entertainment sites, and the FunOne service. I,
personally, am very happy to have the opportunity to join this dynamic
company and provide FunOne visitors with even more venues for
enjoyment.''
Through acquisitions and strategic deals with other vendors, eUniverse's
Internet traffic has increased significantly from 800,000 unique
visitors in April 1999 to over 2,500,000 in September 1999.
About eUniverse, Inc. (http://www.euniverse.com)
eUniverse, Inc. is a network of entertainment-focused commerce,
community, and editorial Web sites. Its online commerce properties
include: CDUniverse (http://www.cduniverse.com), VideoUniverse
(http://www.videouniverse.com), and the recently launched GamesUniverse
(http://www.gamesuniverse.com). Its leading community and content sites
include a combination of popular interactive entertainment editorial and
event sites that include Case's Ladder (http://www.casesladder.com),
Gamer's Alliance (http://www.gagames.com) and BigNetwork
(http://www.bignetwork.com). eUniverse recently launched LivePlace, an
advanced community-building product which features instant messaging,
chat, and co-browsing technology. eUniverse is headquartered in
Wallingford, CT and maintains an office in San Francisco, CA.
Safe Harbor Statement
Investors should carefully consider the preceding information as well as
other information contained in this press release before making an
investment in the Common Stock. Information contained in this press
release contains ''forward-looking statements'' which can be identified
by the use of forward-looking terminology such as ''believes,''
''expects,'' ''may,'' ''should,'' or ''anticipates:'' or the negative
thereof or given that the future results covered by such forward-looking
statements will be achieved. The preceding matters constitute cautionary
statements identifying important factors with respect to such
forward-looking statements, including certain risks and uncertainties
that could cause actual results to vary materially from the future
results covered in such forward-looking statements. Other factors could
also cause actual results to vary materially from the future results
covered in such forward-looking statements.
Disclaimer
The companies profiled herein are small or micro capitalization
companies, which, in the opinion of The Stockpage, have investment
potential. However, investments in these companies should be considered
very high risk investments and only sophisticated investors with very
high risk tolerances should consider investing in these companies. This
opinion as well as the information and projections contained in this
report are based on factual information, assumptions, hypotheses,
projections and theories provided by management of the companies
profiled and other sources of information, which The Stockpage considers
reliable, but without independent verification by any representative of
The Stockpage. Factual information is provided as of a specified date
and may have changed from that date to the present. Projected results
may vary widely and The Stockpage gives no warranty or assurances as to
the performance of the securities or their marketability or liquidity.
The Stockpage may but is under no obligation to provide limited
follow-up information concerning the companies profiled and may
discontinue providing further information without notice. The Stockpage
disclaims responsibility for any false, misleading or deceptive
information contained in this report or in any follow-up reports unless
made with the full knowledge of The Stockpage. The Stockpage and its
affiliates may provide promotional and marketing advice or consulting
services to the companies profiled and may receive compensation in the
form of cash and securities from such companies and consequently may be
considered to have a conflict of interest. The Stockpage has received
one hundred and fifty thousand dollars and will receive fifty thousand
restricted shares of EUNI from eUniverse, Inc. In addition, The
Stockpage will receive forty thousand warrants from eUniverse, Inc. The
Stockpage is not a registered adviser or registered dealer of securities
and is not authorized to sell or solicit offers to purchase or trade in
securities in any jurisdiction where the securities of the companies
profiled are permitted to trade. This is not intended to be a
solicitation for the sale of securities, nor is it intended as a
recommendation to buy, sell or hold securities. All trading in the
securities of the companies profiled should be transacted through
qualified dealers only with appropriate accompanying disclosures after
consultation with professional qualified advisors.
|
