To: Taki who wrote (905 ) 3/3/1999 7:54:00 AM From: mikekell Respond to of 1241
Virtuallender.com, Inc. Acquires Venture Capital Portal, Venturelist.com SAN BRUNO, Calif., March 3 /PRNewswire/ -- Virtuallender.com, Inc. (OTC Bulletin Board: VLDC - news) announced today the acquisition of Venturelist.com, a venture capital portal site. Venturelist.com, Inc. provides one of the largest directories of companies for the Venture Capital industry, including venture capital firms, consultants, factoring firms, equipment leasing firms, and venture capital associations. The site is currently working on new services to put entrepreneurs in direct contact with the venture capitalists as well as a jobs board for those seeking and offering positions in the venture capital field. According to Carol Pizzo, President of Virtuallender.com, Inc., ''While our acquisition of HomeSmart.com will greatly benefit our residential programs, Venturelist.com will allow us to market our variety of commercial lending products to the venture capital industry.'' Virtuallender.com, Inc. benefits consumers by providing a faster, flexible, more complete online mortgage solution, avoiding the frustration, delays and cost of the traditional mortgage process while providing the traditional ''bricks and mortar'' mortgage business that consumers and realtors have traditionally utilized. The Company recently signed a definitive agreement to acquire HomeSmart.com, a web publication that serves both consumers and the real estate industry through a comprehensive real estate Internet site. According to estimates by James Marks, Deutsche Bank Securities Analyst, the online mortgage industry is set for explosive growth, with projections topping $60 billion by the year 2000. Virtuallender.com, Inc. is currently planning other strategic acquisitions and affiliations. For more information on Virtuallender.com, Inc. please visit virtuallender.com . NOTE: Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.