To: lakers17 who wrote (53622 ) 7/6/2000 8:29:25 AM From: StocksDATsoar Respond to of 150070 I'm buying. CMOZ.OB 0.32 +0.00 Wednesday July 5, 8:30 am Eastern Time Company Press Release SOURCE: Cosmoz.com, Inc. Cosmoz.com Secures $20 Million Funding Commitment SAN MATEO, Calif., July 5 /PRNewswire/ -- Cosmoz.com, Inc. (OTC Bulletin Board: CMOZ - news), a holding and accelerator company that funds, acquires and develops Internet companies, announced today that it has executed an irrevocable Investment Agreement for the sale of its common stock to an institutional private equity fund up to an aggregate amount of $20 million. The sale of common stock is subject to registration and certain other conditions. ``This announcement marks an important milestone for Cosmoz,'' said Wilfred Shaw, Chairman and CEO of Cosmoz.com. ``Our agreement provides us the apparatus by which we can expand our current operations and accelerate the timetable for a number of new initiatives.'' Wing Yu, Chief Operations Officer of Cosmoz, added, ``This funding will assist with the development of Cosmoz into a leader in the acceleration industry.'' Cosmoz will use the funding to expand its FirstParsec(TM) business acceleration program, to support and develop its existing holdings, and to pursue potential acquisition candidates. The Investment Agreement establishes a private equity line for the purchase of the company's common stock, subject to registration and certain other conditions, and limited to a percentage of periodic trading volume. About Cosmoz.com, Inc. Cosmoz.com is a leading Internet holding and accelerator company that funds, mentors and incubates new economy companies. Primarily focused on companies providing B2B infrastructure and services, Cosmoz.com seeks companies with unique technologies, people and business models. The Company provides a core platform of proven management, operations services, and network of venture funding for companies to accelerate their growth faster than traditional paths. Cosmoz.com is a publicly traded company under the symbol ``CMOZ.'' For additional information, see www.cosmoz.com. Information presented within this release contains ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be ``forward-looking statements.'' Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as ``expects,'' ``will,'' ``anticipates,'' ``estimates,'' ``believes,'' ``may,'' or by statements indicating certain actions ``may,'' ``could,'' or ``might'' occur. We encourage our readers to invest carefully and review all forms of investments and read the investor information. More information on the Company may be found at sec.gov and/or the National Association of Securities Dealers (NASD) at: nasd.com . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. SOURCE: Cosmoz.com, Inc.