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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (47863)	12/20/1999 9:24:00 AM
From: amadeus	Respond to of 108040

WBCG news> Web Capital Group Announces Launch of New Internet Incubator Subsidiary 3wVentures.com Company to Combine New Unit with SaraOnline.com Operations to Create New Premiere Player in Exploding Internet Incubation Market MARINA DEL REY, Calif., Dec. 20 /PRNewswire/ -- Garrett K. Krause, President and CEO of Web Capital Group, Inc. (OTC Bulletin Board: WBCG), announced the official launch of the Company's newest comprehensive Internet incubator subsidiary 3wVentures.com, Inc. Mr. Krause also confirmed that the Company would immediately combine the operations of 3wVentures.com with its existing SaraOnline.com incubator unit in creating a new subsidiary that will operate under the name 3wVentures.com, Inc. 3wVentures.com will also manage the operations of the Company's newly announced SiliconLosAngeles.com high technology incubator facility in Marina del Rey, Ca. SiliconLosAngeles.com, scheduled to open February 2000, is the first of five planned global incubator units that will operate as comprehensive, fully integrated e-commerce aggregators in identifying, creating and operating Internet opportunities. SiliconLA.com will supply emerging growth Internet-based companies and projects with a full range of resources to infuse these companies with the development strategies and financial support needed to rapidly introduce innovative products and services. 3wVentures.com capitalized with an initial $30 Million in assets is currently raising a $21 million second round financing and is planning for its IPO in the second quarter of 2000. 3wVentures.com will continue to operate as the venture capital and developmental link to Web Capital Group operations in the exploding Internet and e-commerce Incubation arenas. Mr. Krause commented: "We are obviously very excited about this latest event involving the e-business focus of our Company. In combining our new 3wVentures.com unit with our existing SaraOnline.com operations, we will seek to emulate companies like CMGI, Inc. and Internet Capital Group, Inc. that are enjoying such formidable success and market valuations in the rapidly expanding Internet incubation industry." About Web Capital Group, Inc. Web Capital Group, Inc. is a diversified, Internet focused public venture banking firm dedicated to acquiring and investing in Internet-related companies, technologies or projects that when fully developed may be "spun off" as Nasdaq publicly traded companies, providing appreciable long-term portfolio enhancement for the shareholders. Currently, the Company's main holdings include majority interests in two emerging Internet-related firms: -- 3wVentures.com, Inc. a company focused on the development, funding and incubation of Internet-based companies and projects. With its first incubator facility, SiliconLosAngeles.com set to open in February of 2000. -- FutureVest.com, Inc. a diversified global "e"-finance company providing an unparalleled variety of financial services over the Internet. Its subsidiary holding FutureVest Securities (USA), Inc. is a fully operational NASD broker dealer. Statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including, without limitation, continued acceptance of the Company's services, increased levels of competition for the Company and dependence on the performance of the Management of the Company. For more information about the Web Capital Group family of companies please look to the Company's World Wide Web pages at www.SaraHallitex.com or www.WebCapitalGroup.com, to be launched soon. SOURCE Web Capital Group, Inc. -0- 12/20/1999 /CONTACT: Media: Garrett K. Krause of Web Capital Group, Inc., 310-578-5131, Fax: 310-827-6782, webcapital@FutureVest.com; or Investors: Kristen Corri of FutureVest.com, Inc., 305-377-0064, Fax: 305-377-0416, kcorri@FutureVest.com/ /Web site: sarahallitex.com /Web site: webcapitalgroup.com (WBCG) CO: Web Capital Group, Inc.; 3wVentures.com, Inc. ST: California IN: MLM SU: PDT * end of story *