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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce -- Ignore unavailable to you. Want to Upgrade?

To: SmartStockAdvsr.com who wrote (2857)	3/15/2000 11:30:00 AM
From: SmartStockAdvsr.com	Read Replies (1) \| Respond to of 2994

HouseHold Direct.com Secures $6 Million in Financing NEW YORK, March 15 /PRNewswire/ -- HouseHold Direct.com (OTC Bulletin Board: BYITE) announced today that it has secured $6 million in financing from Spencer Edwards, Inc. HouseHold Direct.com plans to draw down $500,000 immediately to continue its aggressive growth plan. Under the terms of the agreement, Spencer Edwards, Inc. will receive shares at seven percent less than market value, however the shares will be restricted. John Folger, President and CEO of HouseHold Direct.com said, "This financing will provide HouseHold Direct.com with the capital we need to continue implementing our business plan. We're confident that our vision for the HouseHold Direct.com Web site is a winner and that both members and shareholders of the company and its Web site will see benefits." HouseHold Direct.com ( householddirect.com ) offers a unique cost-plus handling shopping service on the Internet. The company's Web site allows consumers to purchase a vast array of brand name products at direct manufacturer and distributor prices. This arrangement works well for both consumers and manufacturers -- consumers buy products without a retail markup and manufacturers are able to offer specific products to qualified consumers. Additional information on HouseHold Direct.com, including Frequently Asked Questions (FAQ) can be obtained at 1stnettech.com / or by sending an email to: smartstockadvisor@yahoo.com Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings. -- CONTACT: Investor Relations -- SmartStockAdvisor.com -- Toll Free: 877-643-8821, E-mail:smartstockadvisor@yahoo.com -- Web Site: 1stnettech.com