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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?

To: holdin_long who wrote (9312)	8/18/2000 10:40:21 AM
From: heatseeker	Read Replies (1) \| Respond to of 9391

Friday August 18, 7:01 am Eastern Time Press Release Internet Law Library Announces Acquisition That Almost Doubles Revenues HOUSTON--(BUSINESS WIRE)--Aug. 18, 2000--Internet Law Library Inc. (OTCBB:ELAW - news), interlawlibrary.com, announces the acquisition of a major controlling interest in privately held Compass Data Systems (a Nevada corporation), headquartered in Salt Lake City. Edward Stevens, vice president for mergers and acquisitions, announced, ``Compass Data Systems is a very synergistic acquisition for our company. They have an executive team with Wharton School credentials; they have 12 years experience in marketing legal and medical database products; and they have solid business relationships coupled with proven financial performance. Their employee base consists of well-educated and experienced computer programming and design professionals. Their legal and medical infobases are distributed via conventional CD ROM or the Internet. This acquisition nearly doubles our current revenues while bringing positive cash flow.'' Compass Data Systems Inc. (http://www.compassdata.com) provides turnkey electronic information publishing services in a completely searchable electronic infobase to a wide variety of industries and organizations. Using this infobase technology, clients can search through endless piles of paper and mazes of computer files in seconds. These infobases are quickly accessed directly from a hard drive, CD-ROM, or over the Internet. ``This is just one of our pending acquisitions that will add to our market base, subscriber base, and shareholder value,'' said Hunter Carr, chairman. He continued, ``We anticipate further growth from our company in sales and acquisitions.'' Internet Law Library Inc. owns subsidiaries that operate Internet sites that provide subscription access to databases used for tracking pending legislation and for performing legal research. They are: National Law Library (http://www.itislaw.com), GoverNet Affairs (http://www.govaffs.com), Brief Reporter (http://www.briefreporter.com), Compass Data Systems, (http://www.compassdata.com) and ITIS Inc. (http://www.itisinc.com). Certain statements in this release constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Internet Law Library Inc. and/or its subsidiary companies to be materially different from those expressed or implied by such forward-looking statements. Such factors include: general economic and business conditions; competition; success of operating initiatives; development of capital and operating costs; market conditions; advertising and promotional efforts; adverse publicity; changes in business strategy or development plans; quality of management and other personnel; and government regulations. -------------------------------------------------------------------------------- Contact: Internet Law Library Inc., Houston Robert Sarlay, 281/600-6000