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Press Releases - January 20th, 2000 Signs letter of intent to be acquired by AlphaTrade.com |
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Chicago, IL - January 20th 2000 - NetVentures Inc. www.NetVenturesInc.net of Chicago, Illinois, signed a letter of intent to be acquired by AlphaTrade.com (OTC BB: EBNK). NetVentures is an Internet development firm, which includes the subsidiaries Financialville.com www.Financialville.com and SwiftSolution.com www.SwiftSolution.com. Financialville.com is an investor community dedicated to empowering Internet users with the best in financial discussion, commentary, and chat. SwiftSolution.com is a Web based Application Service Provider (ASP) that provides Web sites with free and customizable community building software applications. NetVentures CEO Brad Goldstein believes that, "This is a win-win situation for both parties. AlphaTrade’s management, resources, and support are of tremendous value going forward." Financialville’s community enables investors to benefit from "intelligence sharing," build relationships, gain investor knowledge, and interact with others who have similar interests. Similar investor communities, like CMGI’s (Nasdaq: CMGI) RagingBull.com, recently sold for $200 million. This relationship will provide Financialville with access to AlphaTrade’s powerful financial tools in addition to providing AlphaTrade with ownership in a rapidly growing financial community. SwiftSolution is embracing the rapidly growing ASP and business-to-business market places. Other Net companies, such as Internet Capital Group (Nasdaq: ICGE) have entered this area and experienced enormous success. Currently, SwiftSolution has one available application, SwiftBoards. SwiftBoards’ free software application enables customers to seamlessly integrate message boards into their new or established Web sites. SwiftBoards is the first of many applications that SwiftSolution intends to provide. AlphaTrade.com has developed and is currently marketing a complete suite (E-Gate) of streaming real-time stock and financial information available by subscription. AlphaTrade is a true E-Commerce Internet-based company that delivers its financial products via the Internet. For more details for the E-Gate products, please visit www.AlphaTrade.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in AlphaTrade’s filings with the Securities and Exchange Commission.
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