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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (801)	3/10/1999 2:41:00 PM
From: roddio	Read Replies (1) \| Respond to of 974

-------------------------------------------------------------------------------- Related Quotes Latest press release VNE.AL 1.36 +0.25 delayed 20 mins - disclaimer Wednesday March 10, 1:10 pm Eastern Time Company Press Release Valu-net Assesses Further Financing Opportunities MARKHAM, ONTARIO--David Lucatch, President and CEO of Valu-net Corporation (''Valu-net''), today announced that Valu-net has terminated the proposed Private Placement arrangements through a New York based partnership. Mr. David Lucatch, President and CEO of Valu-net Corporation, stated; ''With the acceleration of Valu-net's business model, a host of alternative financing opportunities have arisen. We believe it is in the best interestof our shareholders to review thes e opportunities thoroughly at this time.'' Valu-net has arranged short term, debt based, working capital financing and will pursue obtaining long term funding to accelerate growth. Recently, Valu-net announced a partnership in the eMerge Alliance, an end to end Electronic Commerce and Internet Marketing solution. The company also announced the development of Hy & Zel's (HZI:TSE) Internet marketing program. The company is anticipa ting further positive announcements with respect to its business in the upcoming days. Valu-net Corporation, a publicly traded corporation on the Alberta Stock Exchange, (symbol ''VNE'') is a leading marketing and technology company providing a complete range of services designed to meet the growing demand for Internet marketing and electron ic commerce. Valu-net has established relationships with leading Internet Service Providers and Consumer marketing companies to develop on line Consumer and Business applications. Valu-net is also a founding member of The eMerge Alliance (www.emergeallia nce.org), offering businesses cost effective, end to end Electronic Commerce Solution. Further information is available through Valu-net's corporate web site at www.vncorp.com -------------------------------------------------------------------------------- Contact: Valu-net Corporation