NEWPORT BEACH, Calif., June 7, 2000 (PRIMEZONE) -- GoPublicNow.com (OTCBB:GNOW) today announced the signing of four new client companies. Among the four were MicTel, Inc., eBizQuotes.com, Inc., ePoolSpas.com, Inc., which have officially joined the GoPublicNow.com Network in their quest to become public entities.
Bruce Berman, CEO of GoPublic Now.com is optimistic about the signings. "Companies that join us now are looking to go public in 18 months or less. We are currently seeing an influx of these types of companies that are interested in becoming part of our financial network, which we believe, is because of current market conditions. Today's stock market may force more and more companies away from traditional underwriters like Goldman, Sachs & Co. (NYSE:GS), DLJ (NYSE:DLJ), and Merrill Lynch (NYSE:MER), and possibly the non-traditional underwritings such as E*Trade Group, Inc. (Nasdaq:EGRP) and Wit Capital (NYSE:WIT).
"Because of our unique business model, GPN is prepared to benefit from this potential fall out. Our virtual syndication network will allow a company to come to us, submit their capital requirements to investment sources, develop their business plan, and if they qualify, go public within 18 months which is an impressive period of time in today's marketplace. This is an optimal environment for GPN to provide proof of concept to the investment community. As a result, now is an opportune time for us to sign companies that plan to be publicly traded entities in the year 2001. Signing these four companies and acquiring an equity position in them, is the start of what we believe to be a significant demand for our services."
MicTel, Inc. is a virtual Internet and direct marketing based communication resource center intending to establish the premier Web based resource for telecommunications customers. MicTel will allow customers to select the telecommunications services and accessories that best suit their needs from a wide variety of service options. It will consolidate their subscription information, function, and enrollment by utilizing one Website, thereby eliminating the time-consuming process of search engines and web surfing.
CEO and Chairman of MicTel, Inc. stated the benefit of joining the GoPublicNow.com network: "We believe that by becoming a public entity, MicTel can more effectively promote and market our site and services," he said. "GoPublicNow.com offers us the ability to do this and point our company in the right direction so that we can meet our projected goals."
MicTel has already made strategic alliances with Vodaphone Airtouch (NYSE:VOD), AT&T Wireless (NYSE:AWE), Sprint (NYSE:FON), Cable & Wireless (NYSE:CWP), Bell South (NYSE:BLS) and many others.
EPoolSpas.com, Inc. was initially founded as a larger, sales-oriented successor to other companies in the growing pool and spa industry. Its overall goal is to provide a wide range of products and services for the pool and spa industry on a regional basis and then to expand nationally. ePoolSpas.com intends to do this by utilizing Internet marketing and selective strategic acquisitions, both of which are currently underway. ePoolSpas.com, Inc. believes that the fragmentation of product distribution channels and retail outlets creates the ideal opportunity for funneling and directing consumer demand with an Internet marketing approach.
"GPN seemed to be a perfect fit," stated John Ayling, Founder/CEO of ePoolSpas.com. "It has the all inclusive financial services that we want to grow our business and we are looking forward to having them as an equity partner as well."
eBizQuotes.com is an online business-to-business platform, uniting small to mid-sized businesses. The platform will simplify the entire comparative buying process by leveraging the value of the Internet as it breaks the language barrier, offering versions of the site in English, Japanese, Chinese and Korean. This will enable buyers and sellers to conduct business without speaking the other's language, thus expanding business communications and opening up new international markets worldwide.
"As we have a unique business model in the b2b arena, we see that GoPublicNow.com has a unique approach to venture capital and the investment world, which makes us a good match," said Founder & CEO of eBizQuotes.com, Mayur Shetty. "GoPublicnow.com runs the gamut of resources that a startup business-to-business platform like ours needs. It will give us exposure and introduce us to the financial community as we move closer to becoming a public entity and launching regional b2b sites in the international market."
A fourth company, wishing to protect its trade secrets, also signed with GoPublicNow.com but asked to remain anonymous at this time.
About GoPublicNow.com
GoPublicNow.com (GPN) is a Business-to-Business financial portal with unique Internet tools available to companies who want to raise capital and go public. GPN offers a single source consolidation for their needs acting as a virtual financial syndication network, providing access to capital resources and public markets, as well as the necessary advisory services to get there. The Company's network of qualified service providers will supply any service a client needs to grow their business, attract capital or become public. If you are interested in becoming affiliated with our Company, please visit our site at www.GoPublicNow.com. Once on the site, businesses looking to go public or raise capital may click on "Company Owners." Funding sources such as Broker Dealers, Angel Networks, Investment Bankers, Bridge Funds Lenders, private investors, Institutions, VCs, fund managers, etc. may click on "Funding Sources" to register with GPN. Companies or consultants offering business services interested in becoming part of the GPN Affiliate network, may click on "Business Services."
GPN recently entered an agreement with Sprint (NYSE:FON) to offer an array of Sprint Products to GPN users. GPN has the added benefit over traditional incubators and financial companies such as CMGI (Nasdaq:CMGI) or Internet Capital Group, Inc. (Nasdaq:ICGE), Safeguard Scientifics, Inc. (NYSE:SFE) or Rare Medium (Nasdaq:RRRR) in that GPN's business model allows the Company the unique ability to fund an extremely large and diverse group of new client companies and provide virtually limitless access to capital and professional service providers. GPN is currently conducting some of its services in the Business-to-Business sector. This sector has seen a great deal of growth with companies such as Free Markets, Inc. (Nasdaq:FMKT), Ariba, Inc. (Nasdaq:ARBA), Commerce One, Inc. (Nasdaq:CMRC), Ventro (Nasdaq:VNTR), PurchasePro.com, Inc. (Nasdaq:PPRO) and webMethods, Inc. (Nasdaq:WEBM).
Included in this release 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. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.