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Microcap & Penny Stocks : 1st Net Technologies ( FNTT ) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (35)	2/19/1999 2:45:00 PM
From: Leroyt	Read Replies (1) \| Respond to of 1827

NEW PR: Related Quotes FNTT 4 +1 delayed 20 mins - disclaimer Friday February 19, 2:09 pm Eastern Time Company Press Release 1st Net Technologies Announces Joint Internet Venture With Nicklebys.com Companies will Build the Premier Art Auction Web Site SAN DIEGO--(BUSINESS WIRE)--Feb. 19, 1999--1st Net Technologies Inc. (OTC BB: FNTT - news) announced today that it has entered into an Internet Marketing & Joint Venture Agreement with Nicklebys.com Inc. The agreement calls for 1st Net to create an effective Internet presence for the Nicklebys.com Web site through a comprehensive development and e-marketing program. Per the terms of the Agreement, 1st Net will be paid a minimum of $50,000 over the next twelve (12) months and, more importantly, acquire 1,000,000 shares of Nicklebys.com Inc. common stock, which represents about 15% of the total outstanding shares. Nicklebys.com Inc. is a developmental stage company whose mission is to create the premier site on the Internet for facilitating the auction of various fine art mediums. Unlike other auction oriented sites such as ebay.com (Nasdaq:EBAY - news) and ubid.com (Nasdaq:UBID - news), most of the pieces that will be offered for bid/sale on the Nicklebys.com site will be held in the company's inventory. This will allow Nicklebys.com the ability to authenticate and certify each and every piece before it is placed on the site for bid/sale. Nicklebys.com Chairman, Chief Executive Officer and Founder, Bruce Capra, has over twenty (20) years experience in the areas of publication, auction, authentication, and marketing of fine art. Capra is a certified personal property appraiser, a licensed auctioneer, and is a member of the Certified Appraisers Guild of America. Capra has numerous influential contacts in the fine art industry, throughout the world. ''The Nicklebys.com joint venture is truly an exciting opportunity for 1st Net and we are extremely pleased to be in business with such an outstanding professional as Bruce Capra and the entire team at Nicklebys,'' said Greg Writer, CEO of 1st Net. ''For some time now, we have been telling everyone that 1st Net's core services are not one dimensional. We've built our foundation on providing Internet services for publicly traded companies and high net worth investors, but our techniques and procedures are multi-dimensional and can be effective across a whole range of applications and client needs.'' Writer further added, ''This is a true partnership agreement and, as such, 1st Net now has a major equity position in Nicklebys.com Inc., and thus an even bigger incentive to make this venture successful.'' 1st Net Technologies Inc. is a full service Internet design, development and hosting company that specializes in database capture, database management and Internet marketing. 1st Net is also on the leading edge of developing enabling core technologies for the Internet community. The company is currently creating a new industry standard protocol called ''Content Based Routing and Delivery.'' 1st Net Technologies is traded on the OTC: Bulletin Board under the symbol ''FNTT.'' Note: News releases and other information on 1st Net Technologies Inc. can be accessed on the Internet at 1stnettech. The foregoing press release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited ''safe harbor'' for certain forward-looking statements. Forward-looking statements in this press release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. -------------------------------------------------------------------------------- Contact: 1st Net Technologies Inc. Jeff Chatfield, 619/675-4449, 619/675-4443 fax Toll Free 888/282-6255 Jeff1@1stnettech.com --------------------------------------------------------------------------------