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Non-Tech : INVT - Investamerica, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: hammer who wrote (16)	10/29/1999 2:36:00 PM
From: Francois Goelo	Respond to of 214

INVT+75% is DOING IT! InvestAmerica Inc. Announces Proposed Reverse Acquisition... PARK CITY, Utah, Oct 29, 1999 (BUSINESS WIRE) -- InvestAmerica Inc. (OTCBB:INVT) Friday reported that it has entered into an agreement with FiberX, a privately owned company, pursuant to which FiberX may acquire a control position in InvestAmerica. The parties desire to raise capital for the purpose of developing a fiber-optic cable network. Brian Kitts, president and a principal stockholder of the company, stated, "Although the transaction is subject to certain conditions, I believe the acquisition offers a tremendous opportunity for InvestAmerica stockholders." The company intends to disclose specific terms of the proposed transaction next week. This news release contains forward-looking statements. All forward-looking statements involve risks and uncertainties. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: InvestAmerica Inc., Park City Brian Kitts, 801/808-6096 or 435/615-8801