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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (15287)	5/11/1999 9:31:00 AM
From: Fast Eddie	Respond to of 25711

Joe, Here's the news on <PCKT> Fast Eddie Monday May 10, 9:25 am Eastern Time Company Press Release inworlds.com Acquires Interest in Virtual Worlds Technology & Services Company SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 1999--inworlds.com (OTC BB:PCKT), a provider of virtual worlds technology and services for Internet communities, today announced that it has reached an agreement to acquire all of the shares of a company that provides virtual worlds technology and services for Internet communities. The acquisition includes core technologies and patents, three revenue-generating virtual worlds, and established licenses and relationships with brand-name partners. Under the agreement, the Company has agreed to raise $6.5 million in equity for the development of the business, of which it has raised and advanced $2.25 million. The final details of the acquisition are being negotiated. The Company will provide additional information once details of the transaction are finalized. Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Contact: Inworlds.com Investor Relations Tammy S. Simms, 408/456-7885 tsims@worldsaway.com More Quotes and News: Pockets Holding Corp (OTC BB:PCKT - news) Related News Categories: computers, internet