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Technology Stocks : RNET- Internet, Cable, Television & Radio Wellness -- Ignore unavailable to you. Want to Upgrade?


To: lindalib who wrote (100)4/19/1999 12:22:00 PM
From: CMon  Read Replies (1) | Respond to of 123
 
More specifically:

GROUP W NETWORK SERVICES AGREES TO TAKE EQUITY STAKE IN RECOVERY
4/19/99 12:13

Network, Inc.

Business Editors

SANTA MONICA, Calif.--(BUSINESS WIRE)--April 19, 1999--

-- Division of CBS Corporation Agrees to Purchase 500,000
Shares of RNET In Private Transaction --

Recovery Network, Inc. (Nasdaq:RNET) today announced that in a
private transaction, Group W Network Services, a division of CBS
Corporation (NYSE:CBS), has agreed to acquire a 500,000 share equity
stake in the common stock of the Company. This stake represents
approximately 5% of the issued and outstanding shares of the Company's
common stock. The terms and conditions of the transaction were not
disclosed.