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Microcap & Penny Stocks : WWWX - WORLDWIDE WEB NETWORX CORPORATION -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (127)	2/23/1999 10:46:00 AM
From: Jean B. Roper	Read Replies (1) \| Respond to of 162

Comments from today's release (from Business Wire)?? ARTRA Agrees to Acquire Internet E-commerce Interest BusinessWire, Tuesday, February 23, 1999 at 09:34 NORTHFIELD, Ill.--(BUSINESS WIRE)--Feb. 23, 1999--ARTRA GROUP Incorporated (NYSE:ATA) today agreed to acquire through a new Holding Company, entrade.com and a 25% interest in asseTrade.com, Inc. from WorldWide Web NetworX Corporation (OTC BB:WWWX) for 2,000,000 shares of common stock and $5.4 million of funding. The acquisition is subject to the approval of the shareholders of both companies. entrade.com is a business-to-business Internet e-commerce and on-line auction company focused on providing asset disposition solutions for the utility industry and large industrial manufacturing sectors. It owns proprietary e-commerce and on-line auction technologies, which it utilizes to create on-line Business Communities and virtual distribution centers for the purchase and sale of corporate investment assets including inventories, products and services. entrade.com's initial target niche is the multi-billion dollar utilities industry through its website, utiliparts.com. asseTrade.com was established by three principal groups, two of which are industry leaders in traditional asset recovery and disposal methodologies. Henry Butcher and Michael Fox International, Inc. are ranked among the world's leading asset evaluation, recovery, disposal and consulting companies, with more than 150 years of combined experience and expertise. The principal business of asseTrade.com is the development and implementation of comprehensive asset/inventory recovery, disposal, remarketing and management solutions for corporate clients through state-of-the-art Internet electronic business applications, including on-line auctions. asseTrade.com's initial array of services will be to provide asset recovery and inventory management solutions to corporations by facilitating the movement of assets within internal corporate units, auctioning assets on line through community-based web sites and/or client specific venues, optimizing vendor and distribution channels that require extensive asset tracking requirements and the general cataloguing, listing and selling of assets through defined industry sector community websites. Et cetera... Jean