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Technology Stocks : Interactive Objects Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frederik who wrote (135)	5/26/1998 4:57:00 PM
From: Mark IV	Read Replies (1) \| Respond to of 197

Interactive Objects, Inc.'s Private Placement Nets Over $6 Million Completion of First Round of Common Stock Financing Announced REDMOND, Wash.--(BUSINESS WIRE)--May 26, 1998--Interactive Objects, Inc., (OTC BB:OBJX - news), creators of modular software development tools and components, announced today that the Company's Board of Directors has approved the first round of a private placement of common stock financing of over $6 million. ''Securing this financing is a testament to the strength of our positioning in the marketplace and further validates our business model,'' said Ryan Smith, president of Interactive Objects, Inc. ''This funding will enable us to actively explore business opportunities presented to us and expand our marketing activities and personnel base to further develop our presence within the market.'' Commenting on the financing, Steve Wollach, chief financial officer for Interactive Objects, explained, ''The price per share for the restricted stock sold was $4.00, representing a discount from the market price per share in April 1998, when negotiations commenced, and further reflects the restrictions on the stock sold.'' The company intends to register the privately placed shares, as required in the transaction, and file other documentation necessary under the Exchange Act of 1934, to become a fully reporting company and to apply for listing on the Nasdaq SmallCap Market(sm). ''This represents only the initial round of our financing,'' emphasizes Wollach. ''We anticipate closing additional financing within the next thirty days.'' Interactive Objects' shares also trade on the ''Third Segment'' of the Berlin Stock Exchange under the symbol ''IOX'' and German securities code WKN: 913011. About Interactive Objects Interactive Objects, Inc. develops and markets modular software development tools and components. These ActiveX tools enable Windows NT/95 programmers to develop or upgrade communications systems -- both intranet and Internet -- without spending an inordinate amount of time or money learning new systems and languages. A publicly traded company, Interactive Objects was founded by several Microsoft veterans in 1995 and is headquartered at 17720 NE 65th Street, Redmond, WA 98052 USA. The company can be reached by telephone at 425/869-6338 and by fax at 425/869-1889. Interactive Objects is located on the Web at www.iobjects.com. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Interactive Objects) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. ''Interactive Objects'' and the Interactive Objects logo are trademarks and service marks of Interactive Objects, Inc. All other tradenames and trademarks appearing in this press release are the property of their respective holders. Contact: Interactive Objects