To: The Street who wrote (808 ) 3/23/1999 1:40:00 PM From: Forest Gump Read Replies (1) | Respond to of 1468
Q. Is your Company publicly traded? A. AllnetServices.com Corp is a publicly traded Company whose common stock is listed on the OTC Bulletin Board under the ticker symbol "ANSC". Q. Did your Company go public through an IPO (Initial Public Offering)? A. No. The Company purchased a public shell in April of 1997. A public shell is a Company that has made all the regulatory filing requirements of a public Company but one which has no ongoing business operations. Q. What is the number of shares issued and outstanding? A. The Company currently has approximately 8.75 million shares issued and outstanding, fully diluted. Q. What is the number of shares in the ‘public float'? A. The Company currently has approximately 4.5 million shares in the public float (the public float is that number of shares which are tradable on the open market). Q. How many shares do the Insiders own? A. The Insiders own approximately 1.8 million shares, or 25%, of the outstanding stock. (Insiders include Officers, Directors and Management of the Company). Q. When does the Company's fiscal year end? A. The Company's fiscal year end December 31st. Q. When does the Company expect to report earnings? A. The Company is currently a non-reporting Company. However, the Company has engaged accountants to audit its 1997 financials and will report earnings for the first six months of 1998, ending June 30th, on or around December 31st. Q. Who are the Company's auditors? A. The Company's auditors are Berkowitz Dick Pollack & Brant, out of Miami, Florida. Q. Who is the Company's Transfer Agent? A. The Company's Transfer Agent is Interwest Transfer Co., out of Salt Lake City, Utah. Q. Who are the Company's legal counsel? A. The Company's SEC counsel is Eric P. Littman, Esq., Florida, and the Company's Corporate counsel is Marla Robinson, Esq., California