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To: Ga Bard who wrote (6064)6/3/1999 2:26:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC BB: EUHI) Eurotronics Holdings Inc. Announces Acquisition
CAPISTRANO BEACH, Calif.--(BUSINESS WIRE)--June 2, 1999-- Eurotronics Holdings Inc. (OTC BB: EUHI) (the ''Company'') hereby announces it has entered into a Letter of Intent that, when completed, will result in the acquisition of 100% of the shares of LegalOpinion.com Inc., a private Alberta, Canada company.

The assets of LegalOpinion.com Inc. are certain Internet domain names (LegalOpinion.com, legal-opinion.com, legalopinion.org), and the intellectual property rights, and business plan for providing legal opinions, referrals, and services for a wide range of legal issues utilizing the Internet as a means to efficiently and effectively deliver legal services.

The concept for the business of LegalOpinion.com is that individuals or corporations will outline legal questions and problems via e-mail. The e-mail inquiries will be directed to carefully selected lawyers in each State or Province. For example, the inquiry of a customer who has a legal problem in California will be directed to appropriate lawyers licensed to practice in the State of California. These lawyers will have been selected by the Company. The lawyers will then consider the e-mail inquiries and provide their legal expertise in preparing the responses. The charge is anticipated to be $39.95 for individuals and $69.96 for corporations. The answer will be delivered by e-mail within three days.

The obvious advantages to customers which will be provided by this business concept, are the speed of reply, cost-effectiveness, and selection of an appropriate and qualified lawyer.

For example, after the heavyweight fight in New York, Lennox
Lewis might have sent the following e-mail to LegalOpinion.com:

1. Should I sue? 2. Who should I sue? 3. Who should I use to sue?
Mindquake Software Inc. has entered into an agreement with LegalOpinion.com Inc. to develop its Web site and proprietary software. Mindquake is a world-class software development company based in Vancouver, B.C. specializing in Internet Software Solutions. The destination site LegalOpinion.com is expected to be operational in July 1999 and will be launched in conjunction with an International media campaign.

Additional information will be forthcoming outlining a patent application covering this concept, along with additional information of the unique features and advantages which will be offered through inexpensive, prompt legal opinions provided via the Internet.

The statements made by the company may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. The Company believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal processes and systems; the ability to attract and retain high-quality employees; changes in the overall economy; changes in technology; the number and size of competitors in its markets; changes in the law and regulatory policy; and the mix of product and services offered in the Company's target markets. The Company believes that all information in this release has been obtained from sources considered reliable, but can't guarantee that the statements presented herein are accurate or complete.

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Contact:
Eurotronics Holdings Inc., Utah
Brian Lovig, 250/861-9088



To: Ga Bard who wrote (6064)6/3/1999 2:29:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC BB:SHMN) Shaman Announces New Appointment of Sales and Marketing Officer As It Prepares For First Product Launch
SOUTH SAN FRANCISCO, Calif.--(BW HealthWire)--June 2, 1999-- As part of its ongoing commitment to address unmet needs of the many communities living with illnesses that impact their quality of life, Shaman Pharmaceuticals, Inc. (OTC BB:SHMN) and its division ShamanBotanicals.com are proud to announce the appointment of Tom White as Senior Vice President of Commercial Strategy and Chief Sales and Marketing Officer.

White, who will manage the development and execution of Shaman's sales and marketing activities, is ideally equipped to handle the launch and promotion of the company's proprietary dietary supplements. He will initially focus his efforts on the introduction of Shaman's first product, SB-300, which addresses the unmet health need of people who suffer with both chronic and acute bouts of diarrhea. Prior to joining Shaman, White was Executive Vice President and General Manager of Functional Food & Beverages at Weider Nutrition International. He has extensive consumer marketing experience with companies as prominent and diverse as Saatchi & Saatchi, Procter & Gamble, Pepsi/Taco Bell, General Foods, Johnson & Johnson, and Young & Rubicam.

''The launch of SB-300 is critical to the future of ShamanBotanicals.com. Tom brings to our efforts more than 18 years of relevant experience in sales and marketing of nutritional supplements to consumer audiences -- expertise that will be invaluable in our first foray into these markets,'' said Lisa Conte, President and Chief Executive Officer of Shaman Pharmaceuticals.

In addition, Shaman formally announced its support for a new endeavor by a noted AIDS treatment advocate. Dawn Averitt, who was diagnosed with HIV in 1988 at the age of 19, is one of the pre-eminent treatment activists in the world. Her work with organizations as varied as the National Institutes of Health, the United Nations, and the U.S. Food and Drug Administration, as well as major pharmaceutical companies including Merck, Glaxo Wellcome, Abbott, Agouron, and Dupont Merck, has earned Averitt an international reputation as an advocate and educator for people living with HIV and AIDS, especially women.

On June 10, Averitt will undertake a journey of great personal and professional significance as she begins to hike the entire Appalachian trail. Accompanied by her brother and a friend, Averitt will walk more than 2160 miles from Maine to Georgia, and hopes to end her trek by Thanksgiving, less than six months from now. Shaman is sponsoring the expedition and will track Averitt's progress on its web site, www.ShamanBotanicals.com. The web site is expected to be operational in late July, in conjunction with the launch of its first product, SB-300.

''Dawn exemplifies the spirit of Shaman's raison d'etre, and we are proud to provide our support for this extraordinary challenge she has set for herself'' says Conte. ''We want to help people living with disease to improve their quality of life by managing the daily challenges that their condition may pose, rather than giving into the disease and letting it manage the way they live. Dawn is an inspiration to everyone. She is proof that by taking charge of your life and your health, you can achieve extraordinary things.''

Shaman is focused on the discovery, development and commercialization of proprietary botanical dietary supplements from tropical plants for unmet healthcare needs through community building initiatives on the Internet and other appropriate distribution channels. Shaman also has available for out-licensing a pipeline of novel pharmaceutical products developed by isolating active compounds from tropical plants with a history of medicinal use.

This press release contains, among other things, certain statements of a forward-looking nature regarding the launch and on-going marketing and sales of SB-300. Such statements involve a number of risks and uncertainties including the Risk Factors listed in the Company's SEC filings including, but not limited to, those contained in Shaman Pharmaceuticals, Inc.'s Annual Report on Form 10-K for the year ended December 31, 1998. These filings are available upon request at 650/952-7070.

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Contact:

Shaman Pharmaceuticals, Inc.
Corporate Communications, 650/952-7070 x362



To: Ga Bard who wrote (6064)6/3/1999 2:34:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC: ULTC & PCIG - news). Premium Cigars International, Ltd. Forms Alliance With Ultimate Cigar Company
PCIG Sells Canam International Investment Corporation to ULTC for A Combination of Cash and Stock
SCOTTSDALE, Ariz., June 2 /PRNewswire/ -- Premium Cigars International, Ltd. (OTC Bulletin Board: PCIG - news) announced today that they have formed an alliance with Ultimate Cigar Company (OTC Bulletin Board: ULTC - news). The partnership involves the sale of all of the stock of Canam International Investment Corporation, a wholly-owned subsidiary of PCIG to ULTC for a combination of cash, and an exchange of PCIG and ULTC stock between the two companies. Included in the transaction, and subject to shareholder approval, ULTC has obtained an option to purchase up to a 50% equity position in PCIG for an additional investment of US $2,500,000. The sale of Canam allows ULTC, a manufacturer of cigars, to focus and expand on the convenience store humidor cigar program Canam has built throughout Canada and the ongoing alliance allows PCIG to utilize Canam as its Canadian high-speed internet fulfillment center for ProductExpress.com.

''The alliance between PCIG and ULTC should prove to be very positive for the ongoing success of ProductExpress.com, PCIG's e-commerce platform focused on the high-speed fulfillment of products to the convenience store industry,'' commented Scott Lambrecht, President and CEO of PCIG. ''We believe the ongoing relationship, utilizing the Internet as a business-to-business e-commerce solution, is a great opportunity for both PCIG and ULTC.''

Premium Cigars International, Inc. (OTC Bulletin Board: PCIG - news) is a leading marketer of premium cigars to the mass markets. PCIG is building a marketing and merchandising platform for the placement of products in the convenience store (C-store) market in North America. Premium Cigars currently sells its products in nearly all major C-store chains, including 7-Eleven®, Circle K, Mobil®, and Petro Canada® in 42 states, the District of Columbia and Canada.

The Statements included in this press release constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which would cause or contribute to such differences include but are not limited to factors detailed in the Company's Securities and Exchange Commission filings; new laws and regulations; downturns in the company's primary markets; disruptions to the company's operations from inventory availability or acts of God. All company and product names are trademarks of their respective organizations.




To: Ga Bard who wrote (6064)6/3/1999 2:35:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC BB: WELL - news), WellCare Receives Order of Supervision From Connecticut Insurance Department
KINGSTON, N.Y.--(BUSINESS WIRE)--June 2, 1999--The WellCare Management Group, Inc.(WellCare) (OTC BB: WELL - news), parent company of WellCare of New York, Inc. (WCNY) and WellCare of Connecticut, Inc.(WCCT), today announced that it has received an order from the State of Connecticut Insurance Department requiring WCCT to submit to administrative supervision by the State's Insurance Commissioner. The order was issued to WCCT by the Insurance Department based on the determination that WCCT was not in compliance with the State of Connecticut's minimum net worth requirement for a health maintenance organization. WCCT shall be released from administrative supervision upon meeting the $1 million statutory net worth (excluding any receivables due from WellCare to WCCT). During the period of administrative supervision, WCCT shall refrain from taking certain actions, including any changes in management which are contemplated by the pending transactions with Dr. Patel and GHI, without prior written approval of the Insurance Commissioner. In addition, under Connecticut law, the investment to be made by Dr. Patel in WellCare will require Insurance Commission approval as it effects a change in control of WCCT.

WellCare's service area extends from New York City to the southern Adirondacks, west into the Mohawk River Valley and Southern Tier counties, and east into Connecticut.

Cautionary Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical facts are forward-looking statements, actual results may differ materially from those projected in the forward-looking statements which statements involve risks and uncertainties, including but not limited to, the following: the Company's ability to consummate the transactions with Dr. Patel and GHI; the Company's ability to continue as a going concern; that increased regulation will increase health care expenses; that increased competition in the Company's markets or change in product mix will unexpectedly reduce premium revenue; that the Company will not be successful in increasing membership growth; that there may be adverse changes in Medicare and Medicaid premium rates set by federal and state governmental agencies; the ability to satisfy statutory net worth requirements; that health care costs in any given period may be greater than expected due to unexpected incidence of major cases, natural disasters, epidemics, changes in physician practices, and new technologies; that the Company will be unable to successfully expand its operations into its recently approved service areas, including New York City, Westchester County and State of Connecticut; that major health care providers will be unable to maintain their operations and reduce or eliminate their accumulated deficits. Investors are also directed to the other risks discussed in the Company's Form 10K for the fiscal year ended December 31, 1997 and Form 10-Q for the quarter ended September 30, 1998 as well as other documents filed by the Company with the Securities and Exchange Commission.

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Contact:

Cameron Associates, Inc., New York
Kevin McGrath, 212/245-8800



To: Ga Bard who wrote (6064)6/3/1999 2:38:00 AM
From: Ga Bard  Respond to of 9440
 
(Nasdaq: RIDE - news). Ride Announces 26% Increase in Preseason Orders
PRESTON, Wash., June 2 /PRNewswire/ -- More good news from a resurgent Ride, Inc. (Nasdaq: RIDE - news). Buoyed by its very positive showing during the just-completed industry tradeshow circuit, Ride announced today its preseason orders for the 1999-2000 product-line increased 26% in the aggregate. As the following chart demonstrates, orders are up substantially from '98 - '99 sales levels across the spectrum of products (US$ in 000's):

Product 1999 1998 % Change

Snowboards $16,994 $14,296 19%
Boots 8,748 6,357 38
Bindings 11,367 8,551 33
Apparel & Acces. 5,333 3,367 58
(excluding SMP)
OEM, wake, other 1,426 2,380 (40)
Total $43,868 $34,954 26%

''I was cautiously optimistic about next year's sales following the tradeshows in Canada, Europe and Japan,'' stated Robert Marcovitch, President and CEO of Ride. ''But I was reserving judgment until after the figures from the SnowSports Industries America tradeshow in Las Vegas were in.''

The numbers are clearly cause for optimism at Ride. ''We exceeded our forecasts,'' noted Marcovitch. ''Orders are up in all product categories across the board, from our national accounts to the all-important core shops.'' Indeed, the only place where the company saw a drop in orders is in the OEM, wake and other category which reflects its decision to forego certain OEM opportunities that did not fit in with Ride's strategic direction. The company believes this year's orders are a reflection of growing consumer demand for Ride products. ''Quality-conscious and image-oriented consumers alike are asking for Ride products,'' noted Mark Brasier, Ride's Vice President of Sales. ''If our preseason results are any indication, retailers are listening.''

Established in 1992, Ride is headquartered at the foothills of the Cascade Mountains, in Preston, Washington. For passionate action sports enthusiasts of all ages, Ride represents an uncompromised approach to fun and provides superior product and lifestyle experiences under the brand names: Ride, Liquid, 5150, Fulltilt, and Smiley Hats.

Preseason orders in the wintersports industry are subject to revision or cancellation by retailers. To the extent this Press Release discusses financial projections, information or expectations about Ride, Inc.'s products or markets, or otherwise makes statements about the future, such statements are forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from statements made. Factors which could cause actual results to differ materially include, but are not limited to, those set forth in the ''Risk Factors'' section of the Company's 1998 10-K, as well as any additional disclosures in the Company's most recent quarterly report on Form 10-Q, each as filed with the Securities and Exchange Commission.

CONTACT: Ride, Inc. Public Relations Department, 425-222-6015, ext. 258.