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Microcap & Penny Stocks : Anything Internet Corporation (ANYI) -- Ignore unavailable to you. Want to Upgrade?

To: C. McD who wrote (1381)	11/15/1999 11:36:00 AM
From: DADEPFAN	Read Replies (1) \| Respond to of 1570

Anything Internet Announces$1.5 Million Funding for Business Expansion November 15, 1999 11:15 AM COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Nov. 15, 1999-- Anything Internet Corporation ANYI announces it has received a firm commitment from a group of shareholders to arrange for $1.5 million in new funding to the company over the course of the next quarter. The funding will be used to implement the Company's new Internet portal and nationwide marketing program. The funding will be in the form of private equity placements of restricted Common and Preferred shares, the majority of which will be issued at prices ranging between $3 - $5 a share in three separate tranches. The first tranch for $100,000 closed last week; the second tranch for $200,000 is expected in three weeks; and the final tranch for $1.2 million is projected to close when the Company is ready to execute its new nationwide marketing program right after the first of the new year. It is important to note that none of this financing involves convertible debentures, or fixed discounts to the bid - instruments commonly referred to as "death spirals." Lawrence Stanley, Anything Internet's co-interim President and Chief Executive Officer, stated: "One of Anything Internet's primary deficiencies has been its lack of general marketing, which was the direct result of limited capital. Never in the Company's history has it conducted a proactive marketing campaign or had a `portal' type web site to attract inexpensive, yet significant, web traffic. This is all changing to meet the new marketing program and business strategy designed by a professional consultant working with the Company." "We have been in contact with some of our largest shareholders and have shown them our new national marketing program and designs for a new web portal site. After careful review they agreed to fund the development and marketing aspects of this new program. This is a major shift in the Company's direction. We are very excited about the future and continue to believe that we will be able to show our first profit within six months of the launching of our national marketing campaign. Furthermore, because we have secured the financing from existing shareholders who are also participating in our Share Exchange Offer closing this month, we were able to do so on terms favorable to the Company and its shareholders," added Mr. Stanley. 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 Investor Relations Ken Lowman, 215/413-8996 E-Mail: promarksxs@aol.com Internet: anythinginternet.com