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