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PRESS RELEASE-FOR IMMEDIATE RELEASE<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> October 28, 1999 PLANET AMERICA INC. NASDAQ OTC BB: PNTC Planet America Inc. (PNTC) Makes Significant Strides Forward October 28, 1999, Buffalo New York ? Planet America Inc. (NASDAQ OTC BB: PNTC) announced today the significant progress they have made in the past quarter. PNTC now has 57 sites active in the United States and 50 in Canada. PNTC has developed and implemented a comprehensive new Content Strategy that incorporates National and Regional content along with Local content in each of the 12 areas of interest on its LAWs?. PNTC?s Content Team selects and screens information on a continual basis, insuring the highest quality and relevance. The team also welcomes and incorporates site suggestions from LAW? users, whose numbers are steadily increasing, without costing PNTC the billions in advertising dollars being spent by other Internet companies such as Amazon.com (AMZN). PNTC believes the attraction is due largely to the enriched quality and quantity of information available on LAWs?. Instead of searching through millions of irrelevant pages on Yahoo! (YHOO) or some other Internet search engine, PNTC users have convenient access to over 7000 web pages that are relevant to their community and daily-to-day lives. With the cooperation of industry-leading directory services and other content providers, PNTC is able to enrich its offering of relevant local content and truly deliver ?the best of the web? with ?the best experience? for users. In the coming weeks, PNTC will reveal details on its new partnerships, new programs, enhanced features, and the benefits these bring to both users and PNTC?s bottom line. Peter Palijenko, VP of Business Strategy and Development, summed up PNTC?s position: ?We are heading into a very important and exciting stage in ePlanet?s development. New enhancements to our business model and new partnerships with key industry players will soon take effect. This will mean new opportunities for advancement in local markets which are the keys to success in the online economies of the new millennium.? PNTC welcomes investors and others following the Company to submit their e-mail address to eplanet@attglobal.net to be added to PNTC?s mailing list. PNTC will gladly e-mail announcements and updates of its progress when the relevant details are made available. There are 5,766,000 shares outstanding in Planet America Inc. (PNTC) with 700,000 in the float. Since January 1, 1999 the stock has traded at a high of $10.25 a share. PNTC stock closed Wednesday October 27th at $1.00 a share. Contact: Planet America Inc. | Attila Lewis Lendvai, VP StratCom Email: eplanet@attglobal.net 905-853-0349 | 1-888-666-3821 | www.epla.net This release contains forward-looking statements made by Planet America Inc. which may involve known and unknown risks, uncertainties and other factors that may cause Planet America Inc.'s actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. No regulatory agency has either approved or disapproved the contents of this release. | ||||||||||||
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