IINN -- Acquisition of Internet Company !!
(COMTEX) B: International Internet, Inc. Acquires Caprock Corporation
B: International Internet, Inc. Acquires Caprock Corporation
BOCA RATON, Fla., Nov 29, 1999 (BUSINESS WIRE) -- International
Internet, Inc. (OTC:IINN) announced today that the Company has acquired
Caprock Corporation, Washington, D.C a 34 Act fully reporting company
on November 26, 1999.
As a result of the acquisition, Caprock will become a wholly owned
subsidiary of International Internet, Inc., and the current
shareholders of Caprock will become shareholders of International
Internet, Inc.
Pursuant to the acquisition and under the provisions of Rule 12g-3 of
the Exchange Act, International Internet, Inc. will assume the
reporting obligations of Caprock, by electing successor issuer status
to Caprock Corporation, which will cause International Internet, Inc.
to become a fully reporting company. Combined financial statements of
Caprock and International Internet, Inc., will be completed within 60
days, and attached to the Company's 8-K filing.
International Internet, Inc. develops and operates Internet and direct
retail marketing companies as well as venture funds focused on the
Internet. The International Internet Group includes wholly owned
subsidiaries American Computer Systems (ACS), StogiesOnline.com, Inc.
(www.stogiesonline.com), International Internet E-tail group, Inc. and
International Internet Ventures I LLC and majority owned subsidiaries,
Mr. Cigar, Inc., TheBroadcastWeb.com, Inc. (www.thebroadcastweb.com),
StogiesAuction.com (www.stogiesauction.com), a joint venture between
AuctionAnything.com, Inc. (OTC:UBUY) and International Internet.
International Internet also holds minority interests in WowStores.com,
Inc. (OTC:WOWSE) (www.wowstores.com) and Goldonline International,
Inc.(OTC:GDOL) (www.goldonline.com).
For more information, contact: The Hawke Group, Inc., Phone
954/564-7114, Fax 954/564-9848 Visit our website at www.hawkegroup.com.
Forward-looking statements in this release are made pursuant to the
Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to certain risks
and uncertainties and actual results could differ from those discussed.
This material was prepared and disseminated by The Hawke Group, Inc.
("Hawke") for the Company discussed herein, based upon Company-supplied
information or other sources believed to be reliable. Hawke does not
guarantee the information for accuracy or to be all-inclusive. This
material is information only and is not an offer or solicitation to buy
or sell the securities. Hawke, its affiliates, and/or its officers,
directors and employees may from time to time have a position in these
securities. International Internet has retained The Hawke Group as a
Financial Public Relations Consultant. For services rendered between
Jan 1, 1999 and December 31, 1999, The Hawke Group has received 1,250,
000 shares of International Internet free-trading common stock.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: The Hawke Group, Inc., Fort Lauderdale, Fla.
Scott Phillips, 954/564-7114
Fax: 954/564-9848
www.hawkegroup.com
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: INTERNET
ADVERTISING/MARKETING
MERGERS/ACQ
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