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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Watcher who wrote (26181)2/10/2000 9:05:00 AM
From: RCJIII  Read Replies (2) | Respond to of 52051
 
SW, What about MIGR?, gapping up today as well.

RCJIII



To: Stock Watcher who wrote (26181)2/10/2000 9:09:00 AM
From: Francois Goelo  Read Replies (1) | Respond to of 52051
 
S.W, INVT: InvestAmerica Inc. -- Optica Communications Group Inc. -- Announces Completion of $5 Million Private Placement


PARK CITY, Utah--(BUSINESS WIRE)--Feb. 10, 2000--InvestAmerica
Inc. (Optica Communications Group Inc.) (OTCBB:INVT) announced today
that it has completed its private placement for $5 million.
Brian Kitts, Director of InvestAmerica Inc. (Optica
Communications Group Inc.) stated, "We are very pleased with the
investor confidence that has allowed us to raise these funds which
will be used to obtain an equity interest in Omnigon, a private
company constructing an advanced global fiber optic network offering
proprietary value-added commercial services. This will be a mutually
beneficial relationship that will speed implementation of our business
plan.
"Additionally, we have received several major commitments for our
next round of financing, totaling $50 million in private placement
funding due to be completed by April 2000."
InvestAmerica Inc. (Optica Communications Group Inc.) is an
international communications company that is designing and developing
a global fiber optic network.

Statements about the company's future expectations and all other
statements in this press release other than historical facts are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, Section 21E, of the Securities Exchange Act of
1934, and as the term is defined in the Private Litigation Reform Act
of 1995.
The company intends that such forward-looking statements be
subject to the safe harbors created thereby. Since these statements
involve certain risks and uncertainties and are subject to change at
any time, the company's actual results may differ materially from
expected results.

--30--EZ/se*

CONTACT: InvestAmerica Inc., Park City
Brian Kitts, 801/808-6096