To: Hockeyfan who wrote (1424 ) 11/24/1999 10:46:00 AM From: DADEPFAN Read Replies (1) | Respond to of 1570
Anything Internet AnnouncesExtension to Share Exchange Offer November 24, 1999 10:24 AM COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Nov. 24, 1999--Anything Internet Corporation ANYI announces that its Board of Directors has authorized a two-week extension to the Share Exchange Offer, previously announced October 20, slated for closing on November 30, 1999. In the past few days the Company has received several requests to extend the Offer due to mailing delays in getting instructions to qualified shareholders on how to participate. At the present time the Company has received participation notification from interested shareholders aggregating approximately 1,400,000 shares of the 3,080,400 shares issued and outstanding. The Share Exchange Offer will now expire on December 17, 1999, and is open to all Anything Internet shareholders. Lawrence Stanley, Anything Internet's co-interim President and Chief Executive Officer, stated: "The response to our Share Exchange Offer has been quite overwhelming. Because this Offer was designed with the shareholder in mind, we have listened to our shareholders' requests and extended the deadline by two weeks to enable each and every shareholder enough time to properly tender their shares of Common Stock and participate in the Offer. All of Management is participating as well as some of our larger shareholders. We encourage all shareholders, large or small, with a long-term investment vision to consider participating in this Offer." Under the terms of the Offer, shareholders may exchange two shares of Common stock for one share of $15 Convertible Preferred Class A stock. The $15 Convertible Preferred Class A stock will bear a 12% annual coupon rate, payable in shares of preferred stock. After holding the shares of preferred stock for a minimum of one-year, the holder may opt to convert it at any time into registered shares of common stock at a ratio of three shares of common stock for each share of preferred stock converted; the Company may also call for the conversion of the preferred stock at any time with a maximum of 60 days notice. Each share of preferred stock carries two votes in any voting matter. The preferred stock will be issued in accordance with Rule 144, and as such will carry certain restrictions and will not be listed on any exchange. For further information concerning the Share Exchange Offer, please contact the Company's transfer agent, Gina Beckett, at Transfer Online, 503/227-2950, or visit their web site at: transferonline.com . 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. CONTACT: Anything Internet Corporation Investor Relations Ken Lowman, 215/413-8996 E-Mail: promarksxs@aol.com Internet: anythinginternet.com