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Microcap & Penny Stocks : ITOY - Imagin.Net and Virtual Games, Inc -- Ignore unavailable to you. Want to Upgrade?

To: wombat who wrote (78)	2/24/1999 7:48:00 PM
From: flyintigress	Read Replies (3) \| Respond to of 340

NEWS...SHAREHOLDERS CHANGE DIRECTORS AND THE DIRECTION OF IMAGIN.NET,INC. Imagin.net, Inc (OTC BB;ITOY) today announces that its directors and officers have voluntary resigned, and that its shareholders have elected a fresh slate of directors to bring a new direction and new technology to the Company. During the tenure of the former directors and officers, the Company made no sales of product based on the proprietary technology purportedly developed by the former President. The Company will conduct no further marketing of products or services based on that technology. To provide a new bearing for the Company, shareholders have elected Bruce Klein, Donald Macintyre and Richard DiNapoli as its directors and have approved the complete acquisition of Virtual Games, Inc. based in San Jose, California. (I'll skip down to the facts, too much to print here-received from Gerard Damaro(New-PR) 561-367-0363. (Couldn't find news on Yahoo, this was faxed by Mr. Damaro!) Bruce Klein will serve as Imagin.net's new President and CEO. He comes to the new position having served for the past two years as Chief Operations Officer at Virtual Games former parent co, Multichip Assembly Inc. Previously, Mr. Klein operated an independent sales representation organization for 5 of IBM's contract manufacturing divisions, and closed more than $900 million in orders in its first year. He has also held management positions is sales and marketing at Texas Instruments, National Semiconductor and Raytheon Semiconductor. A seasoned engineer, Mr. Klein brings strong technical and operations management experience to Imagin.net. flyintigress