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Microcap & Penny Stocks : INTA - Intasys Corp.- Dynamic Growth -- Ignore unavailable to you. Want to Upgrade?

To: Harold Suckenik who wrote (355)	6/21/2000 11:22:00 PM
From: DO$Kapital	Read Replies (1) \| Respond to of 378

BTW, how did you know none of the directors own any shares? Talk about a vote of confidence. Guess no one here attended the Annual Shareholders Meeting...... Intasys -- A Growing Force in Montreal's New Economy More Than US$35 Million Invested in Past Eight Months MONTREAL--(BUSINESS WIRE)--June 20, 2000--At its Annual Meeting of Shareholders in Montreal today, Intasys Corporation (Nasdaq: INTA) (www.intasys.com) highlighted its growing role as an incubator for wireless and Internet companies in Montreal and the surrounding region. "Montreal is rapidly building a reputation as a centre of excellence and expertise in wireless communications and the Internet," said Claude Beauregard, President of Intasys. "During the past eight months, Intasys has invested in excess of US$35 million in companies in various stages of development, most of which are based in Montreal or have operations here." "Intasys is rapidly becoming a key player in Montreal," continued Mr. Beauregard. "We have several wireless and Internet investments in our incubator and we have large stakes in growing Internet companies like Mamma.com and uPath.com." Montreal companies in which Intasys has taken an interest include: 1) Mamma.com, a popular meta-search engine, (US$27.1 million - 67% interest); 2) TEC Technologyevaluation.com, an on-line technology evaluation tool for senior management (US$2.625 million - 35% interest); 3) uPath.com, a specialized information and eCommerce website targeting 18 to 26 year olds (Cdn$1 million - 30%); 4) LTRIM Technologies, laser tuning technology, (staged to Cdn 2.55 million - 34% interest); 5) Intasys Management Systems (IMS), additional cash injection of US$2 million; 6) other incubator investments in wireless and the Internet sectors. Mr. Beauregard underlined that Intasys is one of the few publicly traded, non-governmental incubators in Montreal and the region of Quebec. One of the Company's key strengths is its ability to make investment decisions quickly, often within a few days. "We understand entrepreneurs," said Mr. Beauregard, "and we respect their need to move quickly to take advantage of a window of opportunity. We work that way ourselves." Mr. Steve Saviuk, Chairman of the Board and Chief Executive Officer of Intasys Corporation, is also pleased to announce the nomination of Mr. Herman Tumurcuoglu to the Board of Directors of the Company. Mr. Tumurcuoglu is the founder and President of Mamma.com, an anchor investment of the Company. About Intasys Intasys Corporation provides management counsel, investment capital, and incubation services to embryonic as well as more established cutting-edge Internet, e-commerce and wireless telecommunications ventures. The company is also a global provider of wireless, Internet-compatible billing and customer information systems. Intasys has corporate offices in Montreal and Toronto, Canada. Statements contained in this press release which are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's flings with the Securities and Exchange Commission. INTASYS Intasys Corporation 5 Place Ville-Marie Suite 1234 Montreal, Quebec, H3B 2G2 Telephone: (514) 874-0888 Fax: (514) 875-9751 --------------------------------------------------------------------------------