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Microcap & Penny Stocks : BYIT -- Ignore unavailable to you. Want to Upgrade?

To: wlcnyc who wrote (44)	1/13/2000 9:12:00 AM
From: chapin	Read Replies (1) \| Respond to of 47

(PR NEWSWIRE) HouseHold Direct.com Announces Financing Agreement HouseHold Direct.com Announces Financing Agreement NEW YORK. Jan. 13 /PRNewswire/ -- HouseHold Direct.com (OTC Bulletin Board: BYIT) announced today that over the last month, a single investor, in three phases, infused $600,000 into the company. In addition, this investor has agreed in principle, to provide the company with additional funding to an aggregate total of $5 million. HouseHold Direct.com will make an announcement regarding its decision on a long-term financing package at the appropriate time. "We are pleased that the long-term financing process is nearing completion and that we can continue to focus our efforts on the HouseHold Direct.com business plan", said John Folger, CEO and President of HouseHold Direct.com HouseHold Direct.com ( householddirect.com ) offers a unique cost-plus handling shopping service on the Internet. The company's Web site allows consumers to purchase brand name products at direct manufacturer and distributor prices. This arrangement works well for both consumers and manufacturers -- consumers buy products without a retail markup and manufacturers are able to offer specific products to qualified consumers. Additional information on HouseHold Direct.com, including Frequently Asked Questions (FAQ) can be obtained at 1stnettech.com or by sending an email to: smartstockadvisor@yahoo.com Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings. -- CONTACT: Investor Relations - SmartStockAdvisor.com, -- Toll Free: 877-643-8821, E-mail: smartstockadvisor@yahoo.com -- Web Site: 1stnettech.com SOURCE HouseHold Direct.com -0- 1/13/2000 /CONTACT: Media Relations, Patrick Brink of LaBreche Murray, 612-392-7612, pbrink@labrechemurray.com , for HouseHold Direct.com, or Investor Relations, Geoffrey Eiten of OTC Financial Network, 781-449-8696 ext. 13, geiten@otcfn.com / /Web site: householddirect.com / (BYIT) CO: HouseHold Direct.com ST: New York IN: REA MLM SU: * end of story *