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Technology Stocks : MBT International Inc. (MBTI) -- Ignore unavailable to you. Want to Upgrade?

To: Fred C. Dobbs who wrote (154)	4/20/1999 6:03:00 AM
From: Mr. Jens Tingleff	Respond to of 212

Good news indeed - Of course much of the announced are not really yet invoiced, but to be seen as order backlog. I wonder why that NR did not hit Yahoo news. ? Kr Jens

To: Fred C. Dobbs who wrote (154)	4/21/1999 8:42:00 AM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 212

Andy just keeps going: NEWS !! Wednesday April 21, 7:30 am Eastern Time Company Press Release MBTI Announces Letter of Intent to Acquire Four Web Sites Company To Acquire Four Equestrian/Agricultural Sites From IMall Global CASTLE ROCK, Colo.--(BUSINESS WIRE)--April 21, 1999-- Acquisitions Continue Company's Successful Roll-Up Strategy MBT International Inc. (OTC: MBTI - news) today announced it has entered into a letter of intent to acquire four equestrian/agricultural related web sites from Fairfield, Connecticut-based IMall Global. Terms of the acquisition, which include a combination of cash and stock, were not disclosed. Two of the sites, www.equestrianmall.com and www.horsechat.com are currently live while www.equiauction.com and www.equiseek.com are under construction and are expected to go live over the next 60 to 90 days. The Equestrianmall.com site stocks over 42,000 equestrian-related products and expects to offer over 150,000 products by year-end. In addition, its mail order catalogue reaches over 20,000 people with that number expected to increase to 200,000 by year-end. Along with Horsechat.com, page views per month for the sites are growing by approximately 30% per month. The two sites under construction include Equiseek.com, an equestrian-related search engine, and Equiauction.com which offers for auction a variety of discontinued and closeout products ranging from clothes, boots and protective gear to push bars, floor mats and ranch items, among others. The acquired sites will have hyperlinks to all of MBTI's web sites. Commenting on the acquisition, Andy McKinnon, Chairman and CEO of MBTI, stated, ''The acquisition of these four web sites is very strategic in that it further solidifies MBTI as the premier online equestrian/agricultural related company on the net today. MBTI continues to be one of the most aggressive companies on the net in terms of acquiring synergistic companies and/or sites as we believe this is the fastest and most effective way to increase traffic to our sites and build critical mass. The results of our strategy clearly indicate MBTI is on the right track. We are convinced that our sites and the products we offer, from horses to farm equipment to live stock, represent the most comprehensive array of farm and agricultural products available today and we expect, over time, to capture a considerable portion of this $300 billion market.'' Chris Cosper, co-founder of Imall Global, noted, ''We are very excited about what we believe is a tremendous opportunity to work with MBTI and continue to build on what the Company has, in a very short period of time, already accomplished in the online agricultural and equestrian market. We are confident that the combination of our four web sites and the MBTI 'network' of sites truly covers the most popular aspects of the web today: commerce, auction, search and chat. MBTI now offers it all and utilizes state-of-the-art technology to do it.'' MBTI is the parent company of AgriMall.com (www.agrimall.com), HorseNet.com (www.horsenet.com) and BookStable.com (www.bookstable.com). MBTI's strategy is to acquire high content, value-added, sophisticated yet navigable web sites and become a leader in the $300 billion agriculture industry. MBTI continually evaluates highly focused acquisitions that will further increase both the traffic and volume of e-commerce at its AgriMall.com site. MBTI applies methodologies currently in use by online auction and marketing houses such as Amazon.com (NASDAQ: AMZN - news), uBid, Inc. (NASDAQ: UBID - news) and eBay (NASDAQ: EBAY - news). For more information on MBTI visit www.mbtinet.com/investors. Certain statements in this release are forward looking. Although MBT International, Inc. believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. For factors that may cause actual results to differ materially from expectations and underlying assumptions, see reports by MBT International filed with the Securities and Exchange Commission. Contact: MBT International, Inc., Castle Rock Andy McKinnon, CEO, 303-688-0244 Fax: 303/814-2382 or Wolfe Axelrod Associates, New York Stephen D. Axelrod, CFA / Jeffrey Volk, 212/370-4500 Fax: 212/370-4505 E-mail: steve@wolfeaxelrod.com