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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Intl_Guy who wrote (7042)	4/21/1999 10:45:00 PM
From: bob sims	Read Replies (1) \| Respond to of 52051

HITT Hitsgalore.com, Inc. Completes $10 Million Private Placement RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--April 21, 1999-- Hitsgalore.com, Inc., (OTC BB:HITT) announced that the Life Foundation Trust has fulfilled its obligations under the terms of the Letter of Intent announced last week for a $10 million private placement. The trust will be issued 2 million shares of Hitsgalore.com common stock that the trust will hold under the terms of a lock-up agreement. Steve Bradford, Hitsgalore.com CEO noted: ''The market has reacted favorably since the investment was announced on April 16, 1999. At the time the investment was negotiated, the trust was acquiring Hitsgalore.com stock at virtually no discount from the market value. That market value has now nearly doubled, and we are confident that the trust is pleased and will favorably consider other significant transactions with Hitsgalore.com.'' The Life Foundation Trust was attracted to Hitsgalore.com as porn-free but profitable Internet search engine and portal. Hitsgalore.com gives away free lifetime banner placements and banners, generating revenue from its Keyword Bid & Rank program, banner sponsorship, and Local City Editions featuring local content. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site. The company believes this compares favorably with other Internet portals and search engine companies in general, such as Lycos, Inc. (Nasdaq:LCOS - news), Excite, Inc. (Nasdaq:XCIT - news), Infoseek Corporation (Nasdaq:SEEK - news) and Yahoo! Inc. (Nasdaq:YHOO - news). Hitsgalore.com also announced that it is very pleased with the results of its recently announced partnership with DoubleClick Inc. (Nasdaq:DCLK - news) for online advertising. Since the advertising campaign was begun, traffic to the website at hitsgalore.com has increased, according to the company's internal counts, to more than 2 million hits per day. Several other major internet companies, such as America Online (NYSE:AOL - news), eBay Inc. (Nasdaq:EBAY - news), Amazon.com (Nasdaq:AMZN - news), Network Solutions, Inc. (Nasdaq:NSOL - news), CDnow, Inc. (Nasdaq:CDNW - news) and priceline.com (Nasdaq:PCLN - news) conducted major advertising campaigns in order to increase their name awareness and establish themselves as a Web destination. Statements in this press release other than historical facts are ''forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Hitsgalore.com, Inc. intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. -------------------------------------------------------------------------------- Contact: Hitsgalore.com, Inc., Rancho Cucamonga Danny Gavin, Investor Relations 800-300-5388 or investor@hitsgalore.com