To: Clayleas who wrote (248 ) 11/20/1997 9:57:00 AM From: tonto Respond to of 1702
Thanks for info. Universal release: Monday November 3 9:34 AM EST Company Press Release Netmaster Group Acquires Universal Commerce, Inc. NEWPORT, R.I., Nov. 3 /PRNewswire/ -- Netmaster Group, Inc. (Nasdaq:NETZ) said today it has acquired Universal Commerce, Inc. (''Universal'') of Asheville, NC, for cash and stock valued at $3 million. Universal's technology enables credit card users to perform immediate secure transactions to purchase products on the Internet. Universal currently has more than 150 vendors which use its technology to handle upwards of 20 different products. The company's revenues have been doubling each month and the company projects 1998 revenues of $13 million. Neil Miller, Chairman of Netmaster Group, Inc., stated ''With the acquisition of Universal, Netmaster can now combine T.V. quality advertisements on the Internet with immediate purchasing power. Advertisers will be able to display their products and customers will be able to purchase those products without delay in a secured transaction over the Internet.'' Netmaster Group, Inc. (''Netmaster'') is a diversified holding company which acquires and finances Internet businesses. This press release contains certain forward-looking statements and projections (including statements including plans and objectives of management for future operations and services, and statements concerning expectations) that are based on management belief as well as assumptions made by, and information currently available to, management. The company's actual results might differ materially from the plans envisioned, or results projected by, those statements if the company's assumptions prove to be incorrect or for a variety of reasons. SOURCE Netmaster Group, Inc.