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To: SSP who wrote (52389)	6/23/2000 3:22:00 PM
From: StocksDATsoar	Read Replies (2) \| Respond to of 150070

I'm buying KOOP KOOP KOOP KOOP

To: SSP who wrote (52389)	6/23/2000 3:23:00 PM
From: StocksDATsoar	Read Replies (1) \| Respond to of 150070

Applies to -- KOOP -- SMS drkoop.com Announces Financing Agreement With Merchant Bank and Funding Of Bridge Loan Merchant Bank to Assist in Raising Capital drkoop.com Announces Financing Agreement With Merchant Bank and Funding Of Bridge Loan Merchant Bank to Assist in Raising Capital AUSTIN, Texas, Jun 23, 2000 /PRNewswire via COMTEX/ -- drkoop.com, Inc. (Nasdaq: KOOP), a leading Internet health Network with more than 1.3 million registered members and provider of Internet-enabled application services for the healthcare industry, today announced that it has closed a bridge loan financing agreement with a merchant bank. The Company and the merchant bank are also pursuing the placement of permanent financing which the parties expect to put in place over the next several weeks. The bridge loan provides $1.5 million in funding to meet short-term capital needs in advance of a permanent financing. drkoop.com requires significant additional funds to meets its obligations which will have to be raised through the contemplated permanent financing, or otherwise. In conjunction with the bridge loan, the merchant bank received warrants to purchase 4 million shares of common stock at an exercise price of $0.75 per share, subject to adjustment. The merchant bank also has the right to appoint a director to the drkoop.com board of directors and has been retained to provide financial advisory services. If the permanent financing is completed, the merchant bank and new investors will likely obtain the right to designate a majority of the board of directors for a period of time. The bridge notes and related warrants were issued in a private offering and not registered under the Securities Act of 1933, as amended. This press release is not an offer to sell securities. About drkoop.com, Inc. drkoop.com is a leading global healthcare Network providing measurable value to individuals worldwide. Its mission is to empower consumers with the information and resources they need to become active participants in the management of their own health. The drkoop.com Network is built from relationships with other Web sites, healthcare portals and traditional media outlets, and integrates dynamic, medically reviewed content, interactive communities and consumer-focused tools into a complete source of trusted healthcare information. Its strategic alliance with Shared Medical Systems (SMS) makes drkoop.com a leader in promoting secure online interaction between patients, their physicians and local healthcare organizations. With more than 1.3 million registered users worldwide, drkoop.com has strategic relationships with 21 online organizations, including America Online and Disney's GO Network. The company's content is also featured on the Web sites representing more than 420 healthcare facilities and more than 20 leading television stations nationwide. Additional Disclosure Regarding Business Risks This document contains forward-looking statements relating to, among other things, expected financing activities to be undertaken by drkoop.com, Inc. These forward-looking statements are based on our current expectations and are subject to material risks and uncertainties. Actual results could differ materially from these forward-looking statements depending on changes in external competitive market factors, capital market conditions, the effectiveness of our marketing and promotion strategies or our ability to execute our business strategy. The Company requires significant additional funds to meets its obligations. As disclosed in prior press releases and reports filed with the SEC, the Company's capital resources are extremely limited and its operations continue to operate at a loss requiring that additional capital be available. If additional funds are raised through the issuance of equity or convertible debt securities, the percentage ownership of existing stockholders will be reduced, and these newly-issued securities may have rights, preferences or privileges senior to those of existing stockholders. The Company cannot assure investors that additional financing will be available on terms favorable to it or at all. These matters and other business risks to which drkoop.com is subject are discussed in our periodic reports and registration statements filed from time to time with the Securities and Exchange Commission. In particular, investors are urged to review carefully the information under the caption "Risk Factors" in the Form 10-K for the year ended December 31, 1999 and the Form 10-Q for the quarter ended March 31, 2000 and the other information contained in those reports. The Forms 10-K and 10-Q may be obtained by accessing the database maintained by the Securities and Exchange Commission at www.sec.gov or by contacting drkoop.com as noted above. Contact: drkoop.com, Inc., 512-583-5276, or pr@drkoop.com. SOURCE drkoop.com, Inc. CONTACT: drkoop.com, Inc., 512-583-5276, or pr@drkoop.com URL: drkoop.com prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0- KEYWORD: Texas INDUSTRY KEYWORD: HEA MLM SUBJECT CODE: FNC