To: joepcf who wrote (1467 ) 11/22/1999 3:29:00 PM From: Honor+Integrity Respond to of 4792
INVT News--the Reverse Merger with Optica has been finalized: InvestAmerica Inc. Announces Acquisition of Optica Communications Group Inc. Business Editors PARK CITY, Utah--(BUSINESS WIRE)--Nov. 22, 1999--Pursuant to a resolution of the board of directors of InvestAmerica Inc. (OTC BB:INVT), effective immediately, the name of the corporation shall be changed to Optica Communications Group Inc. Details of Optica Communications Group Inc.'s current sales activities and contract negotiations to be announced next week. Pursuant to a resolution of the board of directors of InvestAmerica Inc., changes regarding officers and directors of the corporation are as follows: Douglas Smith - president and chief executive officer Brian Kitts - secretary treasurer and director Other directors to be nominated at a later date. The head office of Optica Communications Group Inc. will be located in Park City, with corporate offices at: No. 148-4664 Lougheed Hwy. Burnaby, B.C. V5C 5T5 The company will file an appropriate registration statement to become a fully reporting company pursuant to the rules of the Securities and Exchange Commission on or before Nov. 30, 1999. The company intends to have a public web-site available by the end of the year. Profiles of Douglas Smith, Brian Kitts, other key personnel will be included in subsequent announcements. Statements about the company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term defined in the Private Litigation Reform Act of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. --30--twt/ix* CONTACT: InvestAmerica Inc., Park City Brian Kitts, 801/808-6096 or 435/615-8801