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Microcap & Penny Stocks : bgix (biologix international ) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (249)	10/27/1998 11:43:00 AM
From: debra vogt	Read Replies (1) \| Respond to of 498

BioLogix Readies for New Millennium Markets October 27, 1998 09:00 AM SAN FRANCISCO--(BW HealthWire)--Oct. 27, 1998--Internet innovator, BioLogix International, Ltd. BGIX , and creator of The Health Channel(TM) announces today it has finalized a series of acquisitions and strategic alliances, its own reorganization and appointment of key firms and advisors for completion of its proposed registration and offering. In doing so, Biologix has positioned itself to seize the market opportunity for what Company Chairman and CEO, Michael Grandon describes as the "new millennium for new media;" "a rapidly approaching time and place where the infrastructure of a new and improved Internet will become more widely available, personally empowering, and where the dreams and visions of new media producers and developers can become fully realized." "This is truly the golden age of content creation; and at a time when the often used phrase 'content is king' is becoming a network reality." To strengthen its leadership in the delivery of on-line healthcare information, products and services, BioLogix has now officially completed the acquisitions of The Healthcare Metropolis(TM), The MED TEL Corporation, and The Health Channel(TM). Sale of The MUSIX Corporation, as well as building its own internal "netcasting" capability at LIVE CENTRAL are complete. Agreement on the terms of acquisition of The VIRTUCARE Corporation has been reached. One or more leading New York-based public relations and advertising firms have been engaged. And a series of announcements on key strategic alliances with Alphabit Media, O-TV, Inktomi, Dynamo, Health Central / Windom and several other developers of important system components for The Health Channel's on-line programming are expected. In addition to new key board members and advisors, the BioLogix Board has also appointed the well renowned firms of HORWITZ & BEAM as corporate counsel, SINGER, LEWAK, GREENBAUM & GOLDSTEIN as auditors, and CONTINENTAL STOCK & TRANSFER as its transfer agent to manage important registration, financial reporting and compliance functions during its "pre-filing" period. Today there are an estimated 27,000 healthcare websites and last year nearly 35 million Americans used the Internet to solve their healthcare problems; nearly double from the prior year. As an Internet "portal" The Health Channel puts subscribers in touch with over 12,000 health sites, 600 hospitals and 300 medical corporations. The number of Internet health-related users is expected to easily triple by Year 2000 as a "virtual revolution" in the healthcare industry gets fully underway. For more information please contact Investor Relations at 1-800-828-BGIX or visit two of the Company's web-sites at www.biologix.net and www.thehealthchannel.com. Included in this announcement are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct.