Company Press Release
FBN Associates Makes Announcement
SEDATED, Arizona--(PR WIRE)--May 29, 1998--The Company is pleased to announced that its wholly owned subsidiary, Post Millennium Software Production, Inc. ("PMS"), has signed a formal agreement with Hairballs, Inc. ("Balls"'), an unaffiliated and, despite the name, unincorporated third party, for the acquisition of Ball's exclusive license for the sale, marketing and distribution of a software product known as "Don't Hold Yer Breath", that will analyze computer software and hardware and possibly report files that might need to be modified to enable certain other software and hardware to function.
The company will vigorously pursue, with the full force of the law, those anonymous individuals on the Internet who are suggesting that this software is nothing more than a BAT file containing the command "DIR".
By mutual agreement of the first and second parties, and upon advice of counsel to the third party, the parties have agreed to restructure the acquisition of the exclusive license as a "stock-like image on a piece of paper" for asset transfer. Under the terms of the final agreement, Hairballs, Inc. will receive 10,000,000 shares of PMS's Convertible Cumulative Non-Diluted Voting Semi-Preferred Stock, convertible into Common Stock-like Documents of FBN, on a share for share basis, or into PMS Common Stock, under very strange and mysterious circumstances, as sole consideration for the acquisition of the exclusive license. In addition, PMS has agreed to assume a $250,000 promissory note which the exclusive license is subject to in lieu of the previously agreed upon lien to the cash payments to the party of the first part, without contingent retinues or contangos to the party of the third part.
The first payment of $5,000, is to be paid on July 1, 1998, and the balance is to be paid thereafter, on a schedule based on the menstrual cycle of certain unnamed principals of the party to the first part, in unequal payments of $33,333.333. The Note bears interest at the rate of 5% per annum. In addition, the Articles of Incorporation for PMS were amended yesterday to backdate the Date of Incorporation of the company, to entitle holders of the Semi-Preferred Stock to one vote per share on all matters for which shareholders are entitled to vote, and to add some really bad graphics to an unrelated web site. There were no other material changes to the remaining terms of the original Letter of Intent as announced on April 1, 1998.
PMS will continue to have an option to buy and/or distribute all other future retail and commercial software to be sold to the general public, based upon a product which is produced or manufactured by the original principals of "Balls" or their affiliates, together or individually, using aliases and screen names designed to titillate or provoke the unsuspecting public.
The Company, through the efforts of PMS, is scheduled to release the "DHYB" Software product, in its final format, possibly for sale to the public possibly on, before or after June 1, 1998, through a website hosted by Double Zero International Limited. Double Zero, has been engaged to co-ordinate a veritable plethura of sales, manufacturing and distribution activities of software products acquired by PMS or the Company. The price and sales volume for the Y2K product will be determined by Double Zero in consultation with a Shaman and The Weather Channel.
The Company is prepared to sell offer its common stock directly to qualified individuals, and has attracted a wide following on the Internet. For more information on how you might qualify to be an investor, call 1-888-FBN-2000 |
