To: reg who wrote (231 ) 1/30/1998 11:00:00 PM From: sPD Respond to of 37507
The full, unedited release on the TSE listing JANUARY 30, 1998 Internet Liquidators International Inc. Secures TSE Listing Approval TORONTO, ONTARIO--Internet Liquidators International Inc. (CDN Symbol: ILII) is pleased to announced that it has received conditional approval for listing its common shares on The Toronto Stock Exchange (TSE). The Company expects its shares to begin trading on the TSE by mid-February. "Joining the prestigious family of TSE-listed companies represents a major step in the realization of our business plan," said Paul Godin, President and CEO of Internet Liquidators. "This follows closely on the completion of a $9,502,000 institutional equity financing. The Company cleared final prospectus on Monday, January 26, 1998, which qualified the issue of 6,335,000 units of one common share and one-half a common share purchase warrant each, through the automatic exercise of 6,335,000 special warrants sold on October 3, 1997." Internet Liquidators International Inc. is a preeminent provider of online auction services over the Internet's World Wide Web. The new Toronto Stock Exchange approval will make ILII the only e-commerce company listed on the TSE. Through its online auctions, ILII offers a wide variety of branded consumer goods at significant discounts to retail prices. The Company maintains offices in Toronto, Canada and Tampa, Florida, and has significant equity participation from partners including America Online and Torstar. The common stock of Internet Liquidators is quoted for trading on the Canadian Dealing Network under the symbol "ILII." disclaimer FOR FURTHER INFORMATION PLEASE CONTACT: Internet Liquidators International, Inc. Paul Godin President and CEO (905) 672-7467 or Internet Liquidators USA Jeff Lymburner President (813) 636-8205 or Morgen-Walke Associates Lee Foley (212) 850-5600 or Morgen-Walke Associates Elizabeth Pieroni (212) 850-5600 NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: INTERNET LIQUIDATORS INTERNATIONAL INC. CANADIAN DEALING NETWORK SYMBOL: ILII