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To: dbmedia who wrote (403)	8/22/2001 10:43:38 AM
From: dbmedia	Read Replies (1) \| Respond to of 526

Chell Acquisition Corp signs agreement to buy all outstanding shares of Logicorp Chell Group Corporation would triple its revenues with acquisition of profitable system integrator LAGUNA BEACH, CA, July 17 /PRNewswire/ - CHELL ACQUISITION CORP, a private company owned by Cameron Chell, Chairman and CEO of CHELL GROUP CORPORATION (NASDAQ:CHEL - news) is pleased to announce that it has signed a Letter of Intent to purchase all of the outstanding shares of the Logicorp Group of Companies. Logicorp is a regional system integrator with the foundation and ability to deliver and grow into a North American system integrator and Information Technology services provider. Logicorp had net earnings of $1 million (all numbers in US dollars) on revenue of $35.9 million for its year ended June 30, 2000. Revenues for June 30, 2001 are anticipated to be approximately $40 million with EBITDA of $1 million and net earnings of $600,000. Chell Acquisition Corp has also agreed to allow Chell Group Corporation (NASDAQ: CHEL - news) to assume Chell Acquisition Corp's position in the acquisition of Logicorp set to close August 30, 2001. The purchase price for Logicorp will be $8.0 million, to be paid in a combination of cash and Chell Group Corporation common stock, with a performance earn-out based on EBITDA levels. ``Not only is this transaction immediately accretive but it also provides the critical mass and fundamental platform to launch additional acquisitions. We believe that significant synergies exist between Logicorp and Chell, and anticipate being able to increase the top lines, bottom lines and the margin of both Logicorp and Chell. One of the main reasons we are so keen on this space, and Logicorp in particular, is their deep knowledge of the service provider channel requirements as well as their profitable and growing business model. We believe we have the skills to quickly and efficiently deploy new technologies within any organization we acquire, becoming a powerful competitive advantage for us in our acquisition program,'' said Cameron Chell. Fred Johannesen, of Logicorp, said ``My partners and I are impressed with the direction Chell is going. There are some great immediate synergies and we see this as an opportunity to take our business to the next level and contribute to Chell's success in the future at the same time.'' ``We are very excited about working with Cameron and his team to build something very special, '' said Johannesen. ``Logicorp is the logical next step for Chell. I look forward to working with Cameron and the Board to execute on its well thought out plan to strategically build a technology powerhouse serving the IT distribution channel and the Service Provider Network.'' said Shelly Singhal, newly appointed board member of Chell Group Corporation and Managing director, SBI E2-Capital (USA) Inc., Softbank Investment Group Japan's new US investment banking arm

To: dbmedia who wrote (403)	8/24/2001 9:24:42 AM
From: dbmedia	Read Replies (1) \| Respond to of 526

Wireless Communications Applications; Marketing With Infomercials Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling emerging-growth companies (http://www.emergingcompany.com), featuring informative interviews with the CEOs, insights into their operations and outlooks for their futures. Featured companies this week include; Anthony Lapine, CEO of Semotus Solutions, Inc. (AMEX: DLK) appeared on the program via satellite from the floor of the American Stock Exchange and reiterated the success his company has been enjoying. “We have several dozen Fortune 1000 customers”, said Lapine, “including Lucent, Verizon Wireless and AT&T.” Semotus develops, deploys and manages the fundamental tools that enable secure and reliable mobile data management for the enterprise customer and its mobile workforce. Dan Rubin of the Rubin Investment Group, whose company handles investor relations for Infotopia, inc. (OTC-BB: IFTA) appeared on behalf of the company and discussed their activities in long form TV advertising. “Infotopia is one of the largest infomercial companies in the world,” he said, “doing over a $100 million dollar run rate in revenue per year”. Shane Rodgers, President of The Chancellor Group, Inc. (OTC-BB: CHAG) updated the company’s progress in seeking merger opportunities. Clinton Sallee, CEO of Sitestar Corporation (OTC-BB: SYTE) announced corporate earnings results and the inclusion of satellite internet access to their current ISP offerings. Free information packages from the featured companies can be requested by sending an email to info@emergingcompany.com. The television program can also be viewed online immediately at www.emergingcompany.com. Viewers of Emerging Company Report can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is seen nationally on Friday evenings at 11:00 ET, 8:00 PT, Saturdays at 4:00 PM ET, 1:00 PM PT and Sunday mornings at 11:00 ET, 8:00 PT. The program is broadcast to over 32 million cable TV homes weekly in more than 300 cities nationwide. A complete menu of cable TV channels is available at the Emerging Company Report web site, emergingcompany.com Emerging Company Report television program, Copyright 2001, all rights reserved. Emerging Company Report does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. Emerging Company Report has been paid a cash fee of $11,500.00 by the featured companies, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies and the information herein is not an endorsement by the producers, publisher or parent company of Emerging Company Report.