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Strategies & Market Trends : One Big Scam? CTRN, ECTS, IVHD, SMEK & MALB -- Ignore unavailable to you. Want to Upgrade?

To: jjs64 who wrote (178)	1/28/1999 12:14:00 PM
From: StockDung	Respond to of 559

FutureOne Inc. Receives 2.3 Million of a $10 Million Commitment From Blackwater Capital PHOENIX--(BUSINESS WIRE)--Jan. 26, 1999--President/Chief Executive Officer, Ken Northern, FutureOne Inc. (OTC BB:FUTO) announced that it received yesterday, $2.3 million of the $10 million commitment by Blackwater Capital, announced July 27th, 1998. This brings the total received to date, to $3 million. FutureOne is a full-service network company progressing rapidly into a Network Service Provider (INSP) by developing a system of wired subdivisions and creating a Voice-Over-IP network. Funding comes at a time when FutureOne's web hosting and development divisions are experiencing rapid expansion brought on by the almost overnight explosion of e-commerce. This is evidenced in the almost daily news announcements of new e-commerce developments such as, ConSyGen Inc. (Nasdaq:CSGI), Citron, Inc. (OTC BB:CTRN), BioNet Technologies (OTC BB:BNTK), Electronic Transfer Associates, Inc. (OTC BB:ECTS) and National Integrated Food Services, Inc. (OTC BB:NIFS) FutureOne is a modern up-to-date facility capable of handling very high bandwidth demand projects like the internationally renowned Barrett-Jackson Classic Car Auction, recently presented by DaimlerChrysler (NYSE:DCX) Jan. 21-24 in Scottsdale, Ariz., where FutureOne provided their live Internet bidding technology ("iBid"). As well, FutureOne provides domain name registration through Network Solutions, Inc. (Nasdaq:NSOL) /Internic.net, advertising, marketing, communications, graphic design, programming, and Internet server systems administration. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company. Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities. The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy can not be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of nay particular investor or designed to be the basis of any investment decisions. CONTACT: FutureOne, Inc. Ken Northern, 602/385-3379 KEYWORD: ARIZONA