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MASSIMO DA MILANO INC (OTC BB: MDMI)
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News May 11, 07:51 Eastern Time
iChargeit Inc. Retains Stradling Yocca Carlson & Rauth
HUNTINGTON BEACH, CALIF. (May 11) BUSINESS WIRE -May 11, 1999--
- Leading Law Firm in Orange County to Prepare SEC
Filings as Company Becomes a Fully-Reporting Entity -
iChargeit, Inc. (OTC BB: ICHG) today announced that the Company has retained the Orange County-based law firm of Stradling Yocca Carlson & Rauth ("Stradling") to assist the Company prepare and submit appropriate and current documents to the Securities and Exchange Commission (SEC) to become fully compliant as a "reporting company". Stradling will also act as general counsel to iChargeit regarding contractual issues, protection and commercialization of proprietary technology and intellectual property rights.
Additionally, the Company is in the process of retaining an auditor. When the audit and SEC filing processes are complete, iChargeit anticipates submitting an application for NASDAQ Small Cap listing during this fiscal year.
Stradling Yocca Carlson & Rauth's focus is on results and productivity assuring their clients that their corporate, securities, tax, finance, litigation, real estate, labor and municipal law needs are addressed in a manner that makes their operations more successful and adds value to their enterprise. The firm assists clients form strategic alliances, including technology transfer agreements, partnership and joint ventures, that help emerging growth companies benefit from the financial strength, market expertise and research capabilities of major corporate partners. The firm's extensive securities practice ensures that their clients comply with federal and state laws and regulations governing regulations, proxy statements and all public filings.
iChargeit previously announced the Company has secured funding and has contracted with Netgateway Inc. to use portions of the Netgateway Internet Commerce Center to drive the iChargeit Auction and Classified Advertising Site to be deployed in the iChargeit.com Cybermall and Virtual Arcade. The projected launch date is scheduled for July 4, 1999.
iChargeit previously announced the upcoming launch of a complete line of Internet Pay Terminals (IPT) and has entered an agreement with Leasing Group, www.leasinggroup.com, for it to provide a full suite of financial products including: financing, lease lines of credit, technology lines of credit and master leases. Businesses via an online application, through iChargeit.com, may for an investment of as little as $200.00 per month (dependent on credit worthiness), be processed and approved for an IPT lease within twenty-four hours. A full line of IPT's will be made available for on-line viewing and purchase at www.iChargeit.com. The Company's alliance with Leasing Group will provide credit qualified businesses the means to purchase any of the Company's IPT's. The Leasing Group was founded in 1988 to serve the needs of DELL Computer Corporation (NASDAQ: DELL), the Leasing Group partnered with CompUSA (NYSE: CPU), Staples (NASDAQ: SPLS), NEC and Micron Electronics (NASDAQ: MUEI).
iChargeit Inc., is an internet based company whose iChargeit.com Cybermall and Virtual Arcade as well as the iChargeit Cyberswapmeet.com websites, began Phase I deployment on March 1, 1999. iChargeit's key partners and anchor tenants include, among others, Preferred Voice International (OTCBB: PFVI), Winners Internet Network (OTCBB: WINRS), Innovative Holdings and Technologies (OTCBB: IHTL), Pacific Medical Group (OTCBB: PMGI) Massimo Da Milano (OTCBB: MDMI) and Homecom.
Statements made in this news release that relate to future plans, financial results, market growth and other projections, events or anticipated results are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially due to a variety of factors including competitors with more resources available to them.
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ks/ny*
CONTACT: iChargeit Inc. - Huntington Beach
888-815-4390
or
Investors:
DeMonte Associates, New York
Cynthia DeMonte or Sean Leous 212-473-3700
cdemonte@demonte.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
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