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Microcap & Penny Stocks : International Internet (IINN) -- Ignore unavailable to you. Want to Upgrade?

To: Bubba1008 who wrote (683)	1/26/2000 4:44:00 PM
From: Bubba1008	Read Replies (1) \| Respond to of 746

International Internet, Inc. Raises Stake In GoldOnline.com To 12.5% BOCA RATON, Fla., Jan. 26 /PRNewswire/ -- International Internet, Inc. (OTC Bulletin Board: IINN) announced today that International Internet Ventures LLC, a wholly owned subsidiary of International Internet, Inc. has agreed to invest over $350,000 into GoldOnline International Inc. (OTC Bulletin Board: GDOL) raising its stake in the online jeweler to approximately 12.5%. With this recent investment International Internet's ownership of GoldOnline.com common stock will have risen to 11,000,000 shares. Herbert Tabin, Chief Operating Officer stated, "International Internet Ventures LLC's investment in GoldOnline is currently worth approximately $7,562,500 based upon current market value, based upon today's bid price. Our decision to make an additional investment into GoldOnline.com was based upon the sales growth credited to the Company's Internet site GoldOnline.com and its other Internet business relationships. An additional consideration was given that sales for the online jewelry retailer in December 1999 were up 30% over the same period last year and sales for first five months of the fiscal year grew to $829,096 or a 15% increase over the same period last year. We feel that GoldOnline's future potential has just begun to be realized. We believe we can look forward to a strong 2000 as Goldonline.com continues expanding their Internet presence, into potentially new ventures." About GoldOnline International, Inc.: GoldOnline International, Inc. is an emerging Internet retailer of fine jewelry. The company's e-commerce sites, located at goldonline.com and yahoo.com on Yahoo! offer a wide selection of discounted gold and silver jewelry as well as diamonds and watches. All merchandise sold comes with a 100% satisfaction guarantee. The Company intends to continue its expansion online associating with multiple sites.