| An SI Board Since June 2000 |
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ECOM Corp. Announces Business Combination With ACS Sports.com Inc.
LAS VEGAS--(BUSINESS WIRE)--June 16, 2000--ECOM Corp. (OTCBB:ECCM - news) is pleased to announce that it has entered into an agreement with ACS Sports.com Inc., providing for a business combination of the two companies which, when completed, would result in ECOM's current shareholders owning 29 percent of the combined entity and the current stakeholders of ACS Sports owning the remaining 71 percent.
The business combination is subject to satisfaction of certain conditions, including shareholder approval by ASC Sports.com Inc., and completion of due diligence. It is expected to close during July 2000.
ACS Sports.com Inc. (http://www.acssports.com) with offices in Baltimore and New York, is an exciting new Internet-based sports related business formed by the combination of three companies -- American Cities Studios Inc. (``AmCities''), Cybernet International Corp. (``Cybernet'') and MultiMedia Sports Inc. (``MultiMedia Sports'').
ACS Sports, through these subsidiary companies distributes local and regional sports content over the Internet and develops and administers the web sites of major sports franchises and organizations including the New York Yankees (www.Yankees.com), New York Mets (www.Mets.com), Baltimore Orioles (www.TheOrioles.com), Denver Broncos (www.DenverBroncos.com), Oakland Athletics (www.OaklandAthletics.com) Anaheim Angels (www.AngelsBaseball.com), Pittsburgh Penguins (www.PittsburghPenguins.com), Tampa Bay Devil Rays (www.DevilRays.com), Comcast SportsNet Philadelphia (www.ComcastSportsNet.com), Florida Marlins (www.Marlins.com), MinorLeagueBaseball.com (www.MinorLeagueBaseball.com), Women's Tennis Association (www.WTAtour.com), and many others.
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