Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: Can Do Stocks 2 who wrote (3871)	3/22/1999 6:00:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 13776

Some further news on DWNS. Jeff << Downstream Announces the Go Ahead on Netbilling's Audit SALT LAKE CITY, March 22 /PRNewswire/ -- Downstream Incorporated (OTC Bulletin Board: DWNS) today announced that its negotiations with Netbilling are proceeding. After officers from both companies met in Las Vegas last week to discuss possible structures of the merger, the officers of Netbilling gave the go ahead on the audit necessary to complete a merger between Downstream and Netbilling. The letter authorizing the audit was signed and sent by Netbilling to the auditors on Thursday morning the 18th of March. The independent auditors are expected to begin the audit of Netbilling this week. Netbilling currently performs secure on-line credit card processing for thousands of sites on the world-wide-web, and has been growing steadily. Its site can be found at www.netbilling.com. According to Jupiter Communications, total e-commerce is expected to grow from 7.1 billion in 1998 to 41.1 billion dollars by the year 2002. ActivMedia, Inc. believes e-commerce will reach 1.2 trillion by the year 2002. Whatever the actual figures may eventually be, the need for secure on-line credit card processing will grow in direct proportion. Downstream believes that Netbilling's reputation for dependable, friendly service, and some of the most reasonable rates on the internet, will make it a leader in the secure on-line billing sector of e-commerce. By making this most important and timely acquisition, Downstream hopes to become a major participant in the secure billing sector on the world-wide-web. Downstream is very excited about the future. The Board of Downstream would also like to direct readers of this press release to the article about the Netbilling Downstream merger as reported by Red Herring (the online business magazine) on the morning of March 15, 1999. The article can be found in the archives of Red Herring at: www.redherring.com. >>