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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: FlatTaxMan who wrote (17651)	1/5/1999 10:36:00 AM
From: wlcnyc	Read Replies (1) \| Respond to of 18444

biz.yahoo.com Tuesday January 5, 9:52 am Eastern Time Company Press Release SOURCE: Zulu-tek, Inc. Zulu-tek Completes 1-for-10 Reverse Stock Split New Trading Symbol: ZULUD (OTC Bulletin Board) LOS ANGELES, Jan. 5 /PRNewswire/ -- Zulu-tek, Inc. (OTC Bulletin Board: ZULUD - news) announced today that the company has effected a 1-for-10 reverse split of its Common Shares. The temporary trading symbol is ZULUD. A Zulu representative said, ''There had been some confusion regarding the pending transaction between Enhanced Services and Zulu-tek in the distribution of the Enhanced Common Stock to Zulu shareholders. It is in the best interest of its shareholders to effect the 1-for-10 reverse split at this time to clarify the Zulu-tek market and equity position.'' As a result of the reverse stock split, when the previously announced Enhanced Services (OTC Bulletin Board: ESVS - news) and Zulu-tek transaction is completed, each share of Zulu-tek stock will be exchanged for one share of Enhanced Services Company stock and, in the interim, the shares should trade in parity, at the same ratio. Enhanced and Zulu announced in December, 1998, the acquisition of BrandsForLess.com. BrandsForLess.com is dedicated to simplifying Internet shopping for the consumer and providing a ''turnkey'' e-commerce solution for merchants and portal sites. Online shoppers can now find, select and purchase products across multiple categories as they would do in a physical shopping environment. The Company delivers an intuitive, simplified, and efficient shopping experience that brings together the world's best specialty retailers and well-known brand names at a discounted price in a secure, private, and reliable Internet environment. BrandsForLess.com currently offers over 1,500 brands, and over 500,000 products with the same service and a 100% satisfaction guarantee shoppers expect from upscale department stores. BrandsForLess.com also develops and administers various ''virtual'' department stores licensed under the names of major portal and destination sites such as DejaNews.Com and CNN.com. Destination or portal sites can develop a significant e-commerce revenue stream by installing the BrandsForLess department store on their site or as its entire e-commerce solution. Enhanced Services, its combination with Zulu-tek, BrandsForLess.com and pending acquisitions, represent the convergence under one umbrella of diverse services focused specifically on the Internet as a communications and transaction medium creating a new specialty in the e-commerce arena. The combined enterprise is focused on attaining a unique, forerunning position as it answers the full range of business demands that result from a skyrocketing commercial reliance on the Internet. Forward-looking statements in this release concerning trends or anticipated operating results are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are not guarantees of future performance and are subject to risks and uncertainties related to the Company's operations. These risks and uncertainties include, but are not limited to, competitive factors (including the possibility of increased competition or technological development, competitors and price pressures); legal factors (such as limited protection of the Company's proprietary technology and changes in government regulation); and the Company's dependence on key personnel and significant customers. Website Information: www.zulumedia.com and www.brandsforless.com SOURCE: Zulu-tek, Inc.