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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (1825)	3/23/1999 7:53:00 AM
From: David E. Meyer	Read Replies (6) \| Respond to of 3584

Here's the news we've been waiting for: iChargeit Reaches Agreement With Massimo DaMilano March 23, 1999 07:42 AM HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--March 23, 1999-- To Provide Massimo's Jave-Centrale with an E-Commerce Enabled Virtual Storefront iChargeit Inc. ICHG PLNKD today announced that the Company reached an agreement with Massimo Da Milano Inc. MDMI , to provide the company with an e-Commerce enabled virtual storefront. MDMI currently has 11 Java-Central storefront franchises, as well as a Wholesale Bakery operation in Dallas, Texas. Although details of terms were not disclosed, the agreement provides iChargeit cash, stock and a percentage of sales in exchange for providing MDMI with a Featured Store presence in the iChargeit.com Cybermall. Jesse Cohen, CEO of iChargeit Inc., stated, "This is the first in a series of anticipated transactions between ICHG and MDMI. Dallas-based MDMI is a well-known consumer brands company specializing in bakery goods, fine breads, and coffee. In addition, MDMI owns a coffee franchise network under the name Java-Centrale. The online-based Java Centrale virtual store will carry one of the widest selections of coffees found worldwide and will include over 160 blends from some of the most exotic locations in the world." "The exposure on the ichargeit.com virtual mall, global presence and our unsurpassed abilities in currency conversion through our alliance with the Winners Internet Network WINR , I contend, will garner great results for all companies involved and for their shareholder bases as well," Cohen concluded. IChargeit Inc. is an Internet based company whose iChargeit.com Cybermall and Virtual Arcade as well as the iChargeit Cyberswapmeet.com websites, began Phase I deployment on March 1,1999. IChargeit Inc.'s key partners and anchor tenants include, but are not limited to: Preferred Voice International PVFI , Winners Internet Network WINR , Internet Media Corp. USRF , Innovative Holdings and Technologies IHTL , Pacific Medical Group PMGI and Massimo Da Milano MDMI . Statements made in this news release that relate to future plans, financial results, market growth and other projections, events or anticipated results are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Actual results may differ materially due to a variety of factors, including competitors with more resources available to them.