To: Robert B. who wrote (9923 ) 1/11/2000 9:26:00 AM From: Spark Read Replies (1) | Respond to of 19297
WELU...could do some moving.. :) Synpan Cyberbank Proposes $90 Billion Cybercredit SynpanCard.com Expects to Give $15,000 Internet Credit to Each of its 6 Million Customers Profit Expected at 6% of Gross Purchases or $5.4 Billon NEW YORK, Jan. 11 /PRNewswire/ -- The Synpan Group of Companies which includes Wellness Universe Corporation (OTC Bulletin Board: WELU - news) is expected to announce the issuance of $90 billion of Internet credit. According to George Charles Pappas, Chairman and CEO of Synpan the expected Internet Credit is for financial purchases and services and the anticipated 6 million SynpanCard and Synpan.com users. ''This would translate to $15,000 of purchasing power for each Synpan e-customer. We expect The Cyberbank Internet Credit Line to be part of Synpan's proposed $1 Billion IPO Offering. The expected $90 Billion of purchase credit will be SynpanCard's heart and soul e-business that could attract other Internet conduits like AOL,Yahoo and MSN in the marketing of the SynpanCard as Strategic Partners.'' 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, SynpanCard and WELU or actual results differing from the assumptions underlying such statements. Such risks and assumptions include, but are not limited to, risks related to competition and market acceptance of our services and products, ability to establish and maintain strategic relationships, ability to increase sales and market awareness, and ability to complete the proposed Synpan initial public offering, or the amount of proceeds, if any. SOURCE: Synpan Group of Companies -------------------------------------------------------------------------------- More Quotes and News: Wellness Universe Corp (OTC BB:WELU.OB - news) Related News Categories: banking, internet