Anything Internet Reports theResults From Its First Annual Shareholders Meeting
November 1, 1999 12:18 PM
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Nov. 1, 1999--Anything Internet Corporation ANYI reports last week it held its first Annual Shareholders Meeting, as mandated by the Securities and Exchange Commission, at its headquarters in Colorado Springs, Colorado.
The meeting was called to order and Management recapped the events of the preceding fiscal year ending June 30, 1999, as well as addressed more recent developments and changes in Management. After a general open floor discussion, the two items requiring a shareholder vote were voted on by attending shareholders and properly executed proxy statements were tabulated.
Directors Alfred Delisle and Robert Schick were re-elected to the Board of Directors; J. Scott Sitra and Cameron B. Yost declined their proxy nominations. Ronald R. Chadwick, P.C., CPA, was ratified as the Company's auditor for the upcoming fiscal year. The meeting was then adjourned.
After the Annual Shareholders Meeting, the new Board of Directors convened for their Annual Board of Directors Meeting. During the course of this meeting Lawrence Stanley and Karen Sebastiani were appointed as Directors to the new Board, filling two vacant seats, resulting in a four-member Board.
Upon the conclusion of all official shareholder business, Dr. William Kroske, a business consultant to the Company, made a presentation to all interested shareholders on the state of the Company's new direction and marketing plan. This new marketing plan entails a comprehensive strategy to generate nationwide media attention, significantly reduce the cost of obtaining new customers, and the launching of a new web portal. The projected end result is a positive cash flow within six months of official launch.
The new Board will meet and finalize all the details of this new marketing plan within the next two weeks, at which time it will announce additional details of the marketing program and time frames for an official launch date. Also over the next two weeks, new Management anticipates finalizing and announcing the successful conclusion of its current negotiations for the funding required to execute this marketing program and properly market the Company and its web sites -- a first for Anything Internet.
Commenting on the Annual Shareholders Meeting, Bob Schick, Chief Technology Officer and interim co-CEO and co-President, stated: "Our first Annual Shareholders Meeting went very smoothly and was attended by about a dozen concerned shareholders. Upon the conclusion of the voting matters and presentation by Dr. Kroske, several shareholders offered very constructive criticism, as well as approving comments regarding the directions we are taking and our new marketing plans and concepts -- all things that we anticipate will lead to solid profitability and significantly enhance shareholder value over the next six months."
Anything Internet Corporation, headquartered in Colorado Springs, Colorado, with a business-to-business sales and support office in Tampa, Florida, is a publicly held Internet e-commerce holding company. Through its wholly owned subsidiaries, Anything Internet operates Internet storefronts AnythingPC.com, AnythingMAC.com, AnythingUNIX.com, anyCOFFEE.com, and AnythingBOOKS.com, where it sells over 201,000 different computer hardware, software and peripheral products, more than 200 different specialty coffees and one of the largest selections of books, magazines and music available. Anything Internet's e-commerce enabling technologies provide its customers with exceptional product choices, superior pricing and delivery options, and easy-to-use search and purchase capabilities.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Anything Internet Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Anything Internet Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. For a description of additional risks and uncertainties, please refer to Anything Internet's filings with the Securities and Exchange Commission.
CONTACT: Anything Internet Corporation Al Delisle, 813/281-1164, Ext. 100 Email: adelisle@anythingpc.com Internet: anythinginternet.com |
