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Technology Stocks : FunPhone.com planning to go public? -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (252)4/1/1999 2:12:00 PM
From: rhythm  Read Replies (1) | Respond to of 647
 
Does that mean that he was unable to obtain the PHUN ticker?



To: Jorj X Mckie who wrote (252)4/1/1999 7:14:00 PM
From: Razorbak  Read Replies (1) | Respond to of 647
 
News! - "FunPhone.com Makes Announcement"

funphone.com

<<FunPhone.com intends to proceed with a proposed private placement financing with maximum proceeds of $1,990,000. The private placement will consist of up to 12,000 units (each unit consisting of 10 common shares and seven share purchase warrants) priced at $13.00 per unit subject to final approval and closing on/or before August 12, 1999.

Each share purchase warrant will be priced at $1.50 and will expire one year from the closing date of the private placement. The proceeds from the private placement will be used to expand marketing and distribution of the company's popular FunPhone products, and will also be used to introduce and market a number of new design products that are currently in development, slated for release in 1999.

The private placement has not received conditional regulatory approval. The financing is subject to the final approval and closing of the necessary documents by the private placement groups and the Directors of FunPhone.com on/or before the closing date.

Mr. Nigel Bruce, President of FunPhone, has released this information due to public requests for information about the offering. Discussion is in progress with several companies, some of which are publicly traded, which may result in business ventures that could have a material effect on the Company.

This release is not a solicitation to sell securities, as such can only be done through a memorandum. The memorandum for the proposed offering can be obtained by sending your your request for same, along with your name and address to:

mailto:info@funphone.com

Note: the offering will not be available in all states. Should you receive no reply, you may assume that you reside in a state that is not anticipated to be registered to offer the private placement.

Last updated: March 31, 1999>>