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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (1690)	12/2/1999 12:32:00 PM
From: LANCE B	Read Replies (1) \| Respond to of 4792

WTCH- NOTICING THIS COMPANY IS ON THE MEDIA BLITZ LATELY,MIGHT BE WORTH LOOKING INTO... TRYING TO FIND OUT THE OTHER FEW COMPANIES THEY ARE TALKING ABOUT AQUIRING.. (COMTEX) B: WATCHOUT! (D.B.A. INNOVATIVE CYBERSYSTEMS) ANNOUNCES LETT B: WATCHOUT! (D.B.A. INNOVATIVE CYBERSYSTEMS) ANNOUNCES LETTER OF INTENT TO ACQUIRE 30% OF MICROMATIX.NET NEW YORK, Dec 1, 1999 /PRNewswire via COMTEX/ -- Watchout!, Inc. d.b.a. Innovative Cybersystems (OTC Bulletin Board: WTCH), a fully reporting company, announced today that they have signed a letter of intent to acquire a 30% interest in Micromatix.net (OTC Bulletin Board: IMTL). Watchout!, Inc. d.b.a. Innovative Cybersystems is a fully reporting Utah corporation which will act as a holding company for several high technology enterprises, with emphasis on Internet related technologies. The Company will provide management expertise in several disciplines (marketing, financial, mergers and acquisitions and venture capital) and will provide an environment for synergistic growth. Micromatix.net locally builds custom configured computers, desktop servers and notebooks using industry standard, branded components for value added resellers. Micromatix.net systems are aggressively priced, and provide superior customer service. Management of Micromatix.net believe the company should generate more than $30 million in sales with an estimated profit of $1 million in its first year as part of IMTL. Jack Russell, CEO of Innovative Cybersystems stated, "After an extended period of due diligence, we are pleased to be in the process of completing the first major step towards our objective of increasing shareholder value Mr. Russell later added "I fully expect the transaction between Micromatix.net and Innovative Cybersystems to be completed within the next several days, forming a business relationship that will be profitable for both companies." For additional information on WatchOut!, Inc. dba Innovative Cybersystems, please visit our website at innovativecybersystems.com This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's recent filings. Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction. SOURCE Innovative Cybersystems (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Stockbroker Relations of Innovative Cybersystems, 800-546-7950 WEB PAGE: innovativecybersystems.com GEOGRAPHY: New York INDUSTRY CODE: CPR SUBJECT CODE: TNM OTC * end of story * (COMTEX) B: WATCHOUT! (D.B.A. INNOVATIVE CYBERSYSTEMS) ANNOUNCES LETT B: WATCHOUT! (D.B.A. INNOVATIVE CYBERSYSTEMS) ANNOUNCES LETTER OF INTENT TO ACQUIRE 30% OF MICROMATIX.NET NEW YORK, Dec 1, 1999 /PRNewswire via COMTEX/ -- Watchout!, Inc.