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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (67814)	10/20/2000 11:07:42 AM
From: Bidder	Respond to of 150070

VITC is a great hunch buy!!!!!!!!!!

To: StocksDATsoar who wrote (67814)	10/20/2000 11:30:58 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

SSCP news STEREOSCAPE COM INC - Reaches an Agreement in Principle to Acquire Marx Toys Inc. New York, New York, Oct. 20, 2000 (Market News Publishing via COMTEX) -- stereoscape.com inc. announced that the company reached an agreement in principle to acquire Marx Toys Inc. -- once the largest toy manufacturer in the world. The transaction is subject to the execution of a definitive agreement, which the Company anticipates being signed within 30 days, with an expected closing within 60 days. Upon completion of the acquisition, Marx will be under the umbrella of stereoscape.com inc., along with several other acquisitions which stereoscape.com is currently pursuing. It is estimated that Marx Toys will bring significant revenues to stereoscape.com, with a large percentage going to the bottom line "We intend to market to both the collectable and the mass market sectors with a focus on imagination toys that will stir and develop thinking with fun," said Mario Bassani, stereoscape's Chairman and Chief Executive Officer. "All products of Marx Toys are available online at www.marxtoys.com, and we plan on capitalizing on several synergies between Marx and www.Epiggybank.com, including a layaway plan provided by Epiggybank.com for the purchase of toys at www.marxtoys.com." Specific terms of the transaction are currently undisclosed. However, stereoscape.com will acquire all trademarks, patents, molds and other assets of Marx Toys Inc. "Marx has approximately 1,000 working molds with an estimated market value of $5 million and a replacement cost of approximately $15 million at today's prices," said Jay Horowitz, Marx's President. Jay Horowitz, Marx's President and current sole shareholder, will remain President of Marx Toys Inc. upon completion of the acquisition. Mr. Horowitz has over 20 years experience in the industry. stereoscape.com, through its Alpha Sound and Vision Inc. and American Buyers Club International Inc. subsidiaries, sells high-end audio, video and home theatre equipment through the Internet and its retail outlet in Freehold, N.J. The Company's E-Piggybank.com Inc. subsidiary is a financial and educational Web site that instructs kids on a "learn by doing" basis to become financially literate so that they will be intelligent savers, investors and spenders as they grow up. Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation, needs of liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. -0- TEL: 888/999-1490 stereoscape.com inc., Mario Bassani TEL: 888/999-1490 stereoscape.com inc., Mario Bassan ______________________________________