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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE -- Ignore unavailable to you. Want to Upgrade?

To: J-R who wrote (1240)	3/9/2001 1:26:59 PM
From: The Vet	Read Replies (1) \| Respond to of 1252

These clowns can screw up anything! Net Shepherd Retracts Announcement CALGARY, March 9 /CNW/ - Net Shepherd Inc. (CDNX: WEB) regrets to announce that a press release has inadvertently been disseminated respecting a potential $15 million financing. The information contained in the March 8 press release respecting the raising of equity capital is incorrect. Due to its present financial condition, Net Shepherd has been considering many alternatives to generate working capital. However, no commitment for an equity financing has yet been received by Net Shepherd from any source. In pursuing the potential alternatives, Net Shepherd had a number of announcements prepared to deal with the different alternatives. As a result of a miscommunication within the company, both press releases were disseminated. Wim Heijting, Chairman of Net Shepherd and Chief Operating Officer of Vanenburg Group, confirmed that an additional US $1.25 million has been loaned to the Net Shepherd group of companies on an interim bridge financing basis (bringing the total loaned by Vanenburg Group to the Net Shepherd group of companies since November 2000 to US $3.75 million), but that no decision has been made respecting any further financing. Net Shepherd apologizes for the incorrect announcement. Efforts were made, but were not successful, to retract the news release. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. -0- 03/09/2001 For further information: Bill Fogg, President & CEO, Net Shepherd Inc., (626) 817-5641