Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (12244)	2/17/1999 11:56:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 122087

From Yahoo: Company Press Release WordCruncher Internet Technologies, Inc. Announces Capital Injection SALT LAKE CITY, Utah--(BUSINESS WIRE)--Feb. 11, 1999-- WordCruncher Internet Technologies, Inc. (OTC BB: WCTI - news), a leading developer of search-engine technology, announced that it has closed and funded the initial $6.1 million tranche under a total $15 million private offering of WCTI's Series A Preferred Stock. Additional funding of up to $3.9 million should be completed next week with the final $5 million to be disbursed in approximately 180 days, subject to meeting certain conditions. ''We're extremely pleased to have achieved this milestone in our company's development,'' said Dan Lunt, President and CEO of WCTI. ''With this injection of capital, we are now in a position to continue to develop our business and take it to the next level.'' Lunt continued, ''These monies will enable us to continue to expand the important areas of product development and sales and marketing. We are continuing to add the necessary quality people in these areas and are preparing to more aggressively promote our product. The next several months will be an exciting time for WCTI.'' Headquartered in Salt Lake City, Utah, WordCruncher Internet Technologies, Inc. (OTC BB: WCTI - news) provides search technology that enables businesses to efficiently index their Web site for improved customer queries and consumers to receive credible, relevant search results. The model includes content, advanced technological features and a specialized user interface, all of which combine to create an exciting new Internet business. For more information about WCTI, visit wordcruncher.com.