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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers -- Ignore unavailable to you. Want to Upgrade?

To: Tom Dickson who wrote (859)	9/2/1998 7:26:00 PM
From: Tom Dickson	Respond to of 4624

OLD NEWS Refresher Part 1: To inform the newbees to some of the releases back in 1996 I believe, I searched my arcives and found the following three parts. AmeriNet Financial Systems agrees to acquire real estate TV networkfrom Jones Naughton Entertainment; Satellite TV Service Will Be Partof Unique Computer Loan Origination SystemONTARIO, Calif.--(BUSINESS WIRE)--August 8, 1996--AmeriNet Financial Systems, Inc. (OTC-BB: ANFS) announced today that it has agreed to acquire Real Estate Television Network (RETN), a wholly-owned subsidiary of Jones Naughton Entertainment, Inc. (OTC-BB: JNNE). The acquisition, which is subject to the completion of due diligence, is expected to close by August 31, 1996. Terms of the transaction were not disclosed. RETN is the real estate industry's first satellite communication network, digitally broadcasting data, training and educational programming to real estate brokers and agents in 46 states, Canada and Mexico. AmeriNet intends to integrate RETN into its Electronic Marketing and Distribution Network which provides interactive video conferencing information on mortgage loans and related homeowner products and services. "Acquiring RETN and its state-of-the-art video and data delivery system is an important milestone for AmeriNet," said John J. Pembroke, AmeriNet's Chairman and Chief Executive Officer. "RETN will help us to achieve several important strategic objectives. "First, RETN will better enable us to more effectively communicate the benefits of our network to real estate professionals and homeowners on a national and international scale. Second, it will help us carry out our mission to be an advocate for the real estate professional and the homeowner. Third, it will create an opportunity for direct satellite advertising of homeowner-related products and services. "AmeriNet's high tech and high touch system is designed to make the entire home purchase, financing and settlement process easier, faster and less expensive for home buyers and sellers while increasing the profitability of real estate brokers and related product and service providers by reducing their marketing costs," Pembroke added. "RETN's technology will help us help consumers by bringing unbiased and objective product and financial consulting to the marketplace. RETN's reputation for quality programming will helpus communicate our strategies to millions of real estate brokers, agents and homeowners. Michael English, President of RETN, said, "We are excited to be joining one of the most progressive companies in the real estate industry. AmeriNet's innovative approach to increasing the profitability of real estate brokers fits perfectly with our concept of bringing high quality educational programming into the real estateoffice." AmeriNet develops and provides marketing services and management systems to the residential real estate and financial marketplace using a leading-edge computer loan origination/videoconferencing system and proprietary software. At AmeriNet Service Centers in broker offices, consumers are in real-time video communication with trained professionals who provide unbiased information and counselingabout mortgage products, title insurance, home warranties and other real estate settlement services and products. ################# PRODIGY(R) interactive personal service - Date: 08/09 Time: 6:50 AM

To: Tom Dickson who wrote (859)	9/2/1998 7:29:00 PM
From: Tom Dickson	Respond to of 4624

OLD NEWS Refresher Part 2: To inform the newbees to some of the releases back in 1996 I believe, I searched my arcives and found the following three parts. This outlines the beginning collapse of Alphastar which RETN was going to use to broadcast. Aug. 22, 1996 - Deciding it had waited for product long enough, the Amway Corp. has pulled out of its deal to sell AlphaStar satellite systems through its 1.5 million members, while still planning to explore other avenues for digital staellite sales. AlphaStar could not be reached for comment, but the action is a major blow for the fledgling DBS provider which has just begun to put paying customers into the field. "Amway is disappointed by this setback, but remains commited to offering the most efficient communications technology to its independent distributors," the company said in a prepared statement. AlphaStar had consistantly pointed to the Amway distribution deal as a key to getting subscribers, admitting that it had little hope of signing mass merchants or supplanting many of the other distribution channels now jammed by DBS competitors. But Amway said while it would look at new DBS systems to represent, it left AlphaStar in the position to carry its proposed satellite channel. "Amway has terminated its current contracts with AlphaStar and Tee-Comm Electronics ... Amway is exploring all providers, including AlphaStar, for the launch of an Amway satellite network. Before the cancellation, AlphaStar president Murry Klippenstein said he expected to reach 150,000 subscribers by year end.

To: Tom Dickson who wrote (859)	9/2/1998 7:32:00 PM
From: Tom Dickson	Respond to of 4624

OLD NEWS Refresher Part 3: To inform the newbees to some of the releases back in 1996 I believe, I searched my arcives and found the following three parts. This completes the sale of RETN to ANFS. LOS ANGELES--(BUSINESS WIRE)--Oct. 3, 1996--Joseph Naughton, chairman and chief executive officer of Jones Naughton Entertainment Inc. (OTC-BB:JNNE), and John Pembroke, chairman and chief executive officer of AmeriNet Financial Systems (OTC-BB:ANFS), jointly announced that their companies Thursday completed the merger of Real Estate Television Network (RETN), a previously wholly owned subsidiary of Jones Naughton, with ANFS, a wholly owned subsidiary of AmeriNet Financial Systems. In exchange for RETN, Jones Naughton Entertainment will receive 15 percent of AmeriNet's common stock as well as other considerations which will initially value the purchase in excess of $5 million according to Naughton. RETN, which was launched in August of 1994 by Jones Naughton, is the real estate industry's first international satellite communications network broadcasting training and educational niche programming to real estate brokers and agents in 46 states, Canada and Mexico. Naughton said: "We are extremely excited about developing this strategic alliance with AmeriNet, who is a leading innovator in the real estate industry. AmeriNet is the first company to take a positive business direction to increase the profitability of real estate brokers by using the kind of cutting-edge technology that RETN employs." Pembroke added that RETN's technology will help expand the reach or AmeriNet's innovative approach to buying, selling and financing residential real estate. "It will make us better able to use the real estate office as a marketing platform and create the opportunity for direct satellite advertising of value-priced products and services of interest to the homeowner." AmeriNet develops and provides marketing services and management systems to the residential real estate and financial marketplace using a leading-edge computer loan origination/videoconferencing system and proprietary software. At AmeriNet Service Centers in broker offices, consumers are in real-time video communication with trained professionals who provide unbiased information and counseling about mortgage products, title insurance, home warranties and other real estate settlement services and products. Jones Naughton Entertainment produces, develops and markets privately owned business satellite networks utilizing digital M-PEG2 technology.