CMOZ..this just out...stock around 1.00:
(BSNS WIRE) Cosmoz.com Acquires BuckInvestor.com; The Most Comprehensive
Cosmoz.com Acquires BuckInvestor.com; The Most Comprehensive Guide to Investing
for Those Under 35 Becomes Latest Addition to Cosmoz.com Network
Business Editors
SAN RAMON, Calif.--(BUSINESS WIRE)--April 27, 1999--Cosmoz.com
(OTC BB:CMOZ) today announced the acquisition of BuckInvestor.com,
Inc., a leading web site for younger investors, where traffic levels
have grown consistently by 50% per month. Financial terms of the
agreement were not disclosed.
Based in Raleigh, N.C., BuckInvestor.com, Inc.
(http://www.buckinvestor.com) joins Cosmoz.com as a wholly owned
subsidiary in the company's Investment-Related Group of web sites.
With this acquisition, Cosmoz.com invests in the rapidly growing
market for investment education and youth investing. A recent study by
Paine Webber and Gallup showed that the growth of online investing can
be mainly attributed to younger investors.
BuckInvestor.com offers a tremendous amount of easy-to-understand
information for new investors. The site is highly profitable and
focused, boasting thousands of registered users. "This bull market has
sparked interest for millions of new investors and it's easy for them
to be overloaded with information on the web," said Gregg Fidan,
President of BuckInvestor.com. "Many are simply looking for a web site
to help them get started, and that's BuckInvestor.com. This activity
has spawned a high level of loyalty among our users."
Due to its unique investment concept, media critics have praised
the BuckInvestor.com web site. When CNBC featured the site on Power
Lunch, host Bill Griffeth noted that "It is, indeed, comprehensive.
There's a whole section for beginning investors to help you get
started, a section on personal finance and taxes, information on how
to start your own investment club, profiles of individual investors
ranging in age from 15 to 30. All very useful stuff. And the price is
right. (It's all free.)"
BuckInvestor.com, Inc. and it's founders have been mentioned in
the media countless times including Money Magazine, Bloomberg, Online
Investor Magazine, CBS MarketWatch, theStreet.com, NetGuide, and
Registered Rep Magazine. In addition, BuckInvestor.com has attained
prestigious recognition as a Netscape What's Cool, Rage of the Day,
and What's New Site; and has also been recognized as a Yahoo What's
New site.
"Not only are we getting a highly targeted and profitable company
through this acquisition, but we are also attaining key talent that
allows Cosmoz.com to step up to the next level," stated Cosmoz.com
CEO, Wilfred Shaw. Two of the BuckInvestor.com, Inc. co-founders,
Justin Keener and Gregg Fidan bring solid experience, creativity, and
leadership to the Cosmoz.com team.
"Gregg Fidan brings 3 years experience of professional web design
and extensive knowledge of Internet marketing and e-commerce. His work
speaks for itself and can be seen in the quality of the upcoming
Cosmoz.com portal. And Justin Keener is an extremely driven and
charismatic individual, we are fortunate to have his business
development skills," noted Cecil Musgrave, Cosmoz.com CIO. "These two
are as valuable to Cosmoz.com as the BuckInvestor.com site itself, and
that says a lot. This strategic acquisition is just another step in
the right direction," he added.
BuckInvestor.com is excited about the acquisition. Management
turned down comparable acquisition offers from two other sources,
choosing to go with Cosmoz.com. "Cosmoz.com is poised for high growth.
We're excited about building Cosmoz.com into the next Go2Net or CMGI.
Our confidence in Cosmoz.com is evident by the fact that we were
willing to be acquired through a 100% stock deal," explained Justin
Keener, CEO of BuckInvestor.com, Inc.
More About BuckInvestor.com
The Bulls and Bears have jockeyed back and forth on Wall Street
for over 200 years, but BuckInvestor.com is "bucking the trend" by
introducing a new animal ... the Buck. Buck Investing is fundamentally
based on the "Buck Market" concept, asserting that investors can
easily become millionaires by consistently investing over any 30-year
period. While the bulls and bears fight it out over the short term,
the Bucks will always triumph in the end.
BuckInvestor.com's mission is to start a movement among the
younger generation, investors age 15 to 35, and become the main source
of education for those new to investing. Some of the outstanding
features and benefits include: hundreds of original articles on the
basics of investing, common sense personal finance advice, daily
market news, advice from certified financial consultants, stock
quotes, message boards, and more. BuckInvestor.com also boasts the
largest online directory of investment clubs with over 700 clubs from
around the world.
About Cosmoz.com
Cosmoz.com's (http://www.cosmoz.com) mission is to become a
recognized leader in the development and acquisition of high profile,
high traffic, niche market -- Internet related businesses and
web-based technologies.
Cosmoz.com's goal is to become a major force in the Internet
industry and is dedicated to rapid growth.
In accordance with Cosmoz.com's mission, management is currently
in negotiation with several acquisition candidates and investment
opportunities. "We are excited about our current developments and are
on our way to reach our goal of being the best in the business," said
Wilfred Shaw, CEO. "We now have management in place, and are actively
seeking more acquisition candidates," he added.
Certain information and statements included in this release
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, or achievements of the company to be materially different
from any future results, performance, or achievements expressed or
implied in such forward-looking statements.
--30--pc/sf* slt
CONTACT: Hampton-Porter Investment Bankers,
Michael Losse, 800/545-3345
mlosse@hpib.com
or
Compass Point Group, Inc
Diann Tongco, 619/525-0800
dt@venturefinance.com
KEYWORD: CALIFORNIA NORTH CAROLINA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story ***
|
