To: Wowzer who wrote (272 ) 11/20/1997 12:50:00 PM From: gary ochsner Respond to of 1702
all: interesting release put out in august. Monday August 4 3:56 PM EDT Company Press Release Source: Star Medical Corporation Star Medical Signs Letter of Intent to Acquire Assets of echoMEDIA, Inc. NEWPORT, R.I., Aug. 4 /PRNewswire/ -- Star Medical Corporation (NASDAQ:BB - news) (to be renamed Netmaster Group) announced today it has singed a letter of intent to acquire the assets of Echomedia, including certain Licenses, technology and contracts. Echomedia (Echo) is an interactive, multimedia, advertising services company that specializes in bringing TV type commercials to the World Wide Web. Echo develops innovative solutions to meet the changing needs of advertisers and Web sites. Echo has introduced 4 innovative products including the eohoAD, the echoRESPONSE Card (eRC), WebDeliver and While you Wait. Soon to be released is Echo's fifth and most innovative product to date, opening the World Wide Web to the power and impact of television commercials. Clients include Kodak, United Airlines, Microsoft, Rodale Press, USA Today and other Fortune 500 companies. Netmaster Ltd., who recently acquired control of Star, has agreed to provide funding of up to $5 million in debt/equity to Star during 1997. Revenues for fiscal year ending December 31, 1997 are estimated by management to reach $6 million. 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 companies actual results might differ materially from the plans envisioned, or results projected by, those statements if the companies assumptions prove to be incorrect or for a variety of other reasons. SOURCE: Star Medical Corporation More news for referenced ticker symbols: BB, SMDM, and related industries: medical.