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

To: TallTrader who wrote (2453)	12/27/1999 3:32:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 4792

What's this all about dudes? Monday December 27, 8:29 am Eastern Time Company Press Release SOURCE: The Synpan Group of Companies Synpan Proposes a $1 Billion Public Offering Wellness Universe Corporation (OTC Bulletin Board: WELU) Public Stockholders Will Receive Cash And/Or Stock in the Proposed Offering NEW YORK, Dec. 27 /PRNewswire/ -- THE SYNPAN GROUP OF COMPANIES will make an announcement that Synpan.com intends to file a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock for approximately $1 billion in proceeds. The proposed offering will be made only by means of a prospectus. Synpan.com currently anticipates that it will file the registration statement within the first quarter of 2000. The shares will be sold by Synpan.com through an underwritten offering. The securities may not be sold nor may offers to buy be accepted prior to the time the registration becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. George Charles Pappas, current Chairman and CEO of Synpan.com says: ``The statements contained in this Press Release may contain 'forward-looking statements'. Actual events or results may differ materially as a result of risks facing Synpan.com or actual results differing from the assumptions underlying such statements.' Mr. Pappas further says, ``such risks and assumptions include but are not limited to, risks related to competition and market acceptance of our services and products, ability to complete the proposed public offering, ability to maintain strategic relationships, ability to complete proposed acquisitions, and ability to complete the proposed public offering or the amount of proceeds, if any. All forward-looking statements will be expressly and explicitly qualified in their entirety by the 'Risk Factors' and other cautionary statements to be included in the proposed Synpan.com filings.' TIMING: In order to accommodate the combined requirements for the Synpan.com merged entities, Synpan.com will immediately create and dedicate a team of highly competent technical, and marketing professionals, finalize its strategic alliances, and anticipated web site acquisitions and develop a fully integrated online marketing strategy. Mr. Pappas continues to say, ``Our intent is to build THE SYNPAN GLOBAL VIRTUAL MALL through the implementation of 'the digital bridge' between the Synpan.com worldwide network and a universal of global goods and services through our dedicated web sites acting as 'Primary Channels'. Upon completion, some of the Channel's more prominent attributes would be in: G.O.D. t.m. Great Orderly Direction, Personalized Customer Profile, Virtual Limitless Content and Maximum Marketing Potential.' Mr. Pappas further says, ``The most exciting and financially rewarding Primary Channels will be the 'WELLNESS CHANNEL' for the accelerated evolution of mankind, and the integrated 'FINANCIAL.CHANNEL' that would provide e-consumers (mass market) with objective financial advice and best financial products and services quickly, conveniently and affordably. The goal is to provide advice on all aspects of personal finance -- assets and debt management, cash flow/expense management and protection. In addition, a business to business content technology will be provided to empower our e-partners to win business with their representatives and their end customers.' Mr. Pappas finally concludes, ``The Synpan Label will stand for making money and making a difference in people's lives.' www.synpan.com will give an overview of The Synpan Group of Companies and Mr. Pappas' Bio, including his acclaimed book ``SYNPAN -- Inside the Wellness Universe -- A Poetic Guide' by George Charles Pappas, sold in major bookstores and the Internet barnesandnoble.com . SOURCE: The Synpan Group of Companies -------------------------------------------------------------------------------- More Quotes and News: Wellness Universe Corp (OTC BB:WELU.OB - news) Related News Categories: banking, internet