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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations -- Ignore unavailable to you. Want to Upgrade?

To: Seer who wrote (421)	3/15/1999 2:50:00 AM
From: ciVic	Read Replies (2) \| Respond to of 546

SCMI NEWS OUT ON MERGER DEAL!!!!! man I am up way too late.... ciVic March 15, 1999 01:30 Systems Communications, Inc. Announces Close of Merger with Hitsgalore.com Jump to first matched term CLEARWATER, Fla.--(BUSINESS WIRE)--March 15, 1999--Systems Communications, Inc. (OTC BB:SCMI) announced that it closed its reverse merger transaction in escrow on Friday, March 12, 1999. The closing in escrow allows SCMI to determine the record date for both the reverse split of its stock and the dividend distribution of the shares of its subsidiary, International Healthcare Solutions, Inc. (IHSI) and resolve its remaining debts. Over the next few days additional details about the reverse stock split will be announced. Following the reverse split, the name of the company will be changed to Hitsgalore.com, Inc. and a new trading symbol announced. The company is seeking HITS as its symbol. Hitsgalore.com will then be the public entity, with little or no debt and a profitable Internet business model. As required in the Merger Agreement, all officers and directors of SCMI must resign, all of the assets, business and affairs of SCMI transferred to IHSI, and none of the present SCMI management will be involved in any way with Hitsgalore.com. In addition, all major shareholders of SCMI stock have voluntarily agreed to "lock-up agreements" covering their Hitsgalore.com stock that only allows them to sell small amounts based on weekly trading volume. Steve Bradford, CEO of Hitsgalore explained, "Because SCMI was not a Internet company, and because of past difficulties encountered by SCMI, we believe it is important to make a clear distinction between the old SCMI and the new Hitsgalore.com. There will be no Hitsgalore.com personnel or administrative offices in Florida, because the current SCMI offices and staff will be under the control of IHSI. And Hitsgalore.com will be busy focusing on new search technologies and expanding its Local City Editions." Hitsgalore.com (http://www.hitsgalore.com) is an Internet search community that means business, with a business model of offering Free Lifetime Banner Placement, a Keyword Bid & Rank program and Local City Editions featuring local content. Unlike many search engines, Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult listings on its site. Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Systems Communications, Inc. and Hitsgalore.com intend that such statements about either company's future expectations, including future revenues and earnings, and all other forward-looking statements are 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 could differ materially from expected results. CONTACT: Systems Communications Inc., Clearwater Edwin B. Salmon, Jr., Chairman of the Board 727/530-4800